What changed
Superannuation guarantee contributions must now reach the employee's fund within seven business days of each payday, replacing the previous quarterly or monthly deadline. The super guarantee charge has been reworked so that late payments accrue interest daily from payday.
Who it affects
- Any business paying wages, including to on-hire workers and deemed employees.
- Recruitment and consulting firms running their own PAYG payroll, which now remit super every cycle instead of once a quarter.
- All workers engaged through a PAYG arrangement, who will see super land in their fund each pay cycle.
What to do
- Confirm your payroll platform can remit super with every pay run through SuperStream.
- Review cash flow: super leaves the account each cycle rather than accumulating for a quarter.
- Check clearing house cut-off times so contributions are not delayed in landing.
How Accelerate handles it
Every PAYG worker on an Accelerate managed payroll has had super remitted per pay run since before 1 July. If we run your payroll, you don't need to change anything. If you run your own payroll and want it taken off your plate, talk to a workforce specialist.
Change history
| "Who it affects", "What to do", "How Accelerate handles it" updated. | |
| "Summary", "What changed" updated. | |
| ATO publishes first guidance on how the revised super guarantee charge is calculated. "What to do" updated. | |
| Payday Super in force. Status changed from Upcoming to In force. | |
| Page created ahead of commencement. |
Earlier versions of this page are kept on file and can be provided on request.