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Payday Super: Is Your Business Ready for the July 1 Shift?

  • Writer: Nicole Tru
    Nicole Tru
  • Mar 12
  • 2 min read

From July 1, that gap disappears. Under the new Payday Super rules, superannuation must be paid at the same time as salary and wages.


Here is everything you need to know to ensure your business stays compliant and your cash flow remains steady.


The Critical "7-Day Rule"

Contributions must reach the employee’s super fund within seven business days of payday.

  • With Single Touch Payroll (STP) Phase 2, the ATO has real-time visibility. If the money hasn't landed in the fund by day seven, the system will flag it automatically.

  • Late payments trigger the Superannuation Guarantee Charge (SGC). This is non-deductible, includes compounding interest, and carries an administrative uplift penalty of up to 60%.


The SBSCH is Closing Its Doors

If you are one of the thousands of businesses still relying on the ATO’s Small Business Superannuation Clearing House, take note: The SBSCH will be permanently retired on 30 June 2026.


You cannot use it for the final April–June quarter payment if that payment is made after June 30. You must transition to a modern, SuperStream-compliant payroll solution (like Xero, MYOB, or Employment Hero) before the EOFY rush.


Your 3-Month Readiness Checklist

We recommend our clients take these three steps before April 30:

  1. Audit Your Software: Ensure your payroll provider is "Payday Super Ready." If you’re still on a manual system, now is the time to migrate.

  2. Review Your Cash Flow: Moving from quarterly to weekly/fortnightly super payments will impact your liquidity. We can help you run a "Stress Test" on your bank account to see how this shift affects your bottom line.

  3. Clean Up Your Employee Data: A "bounced" super payment because of an incorrect fund USI or TFN could put you in the penalty zone.


How We Can Help

Transitioning to a new payroll regime while running a business is a lot to handle. We specialise in helping Australian SMEs navigate these legislative shifts without the stress.

Whether you need a software migration, a cash flow forecast, or a full payroll audit, we are here to ensure your July 1 transition is seamless.


Don't wait for the June 30 panic. Book a 15-minute Compliance Call with us today to see if your business is ready.

 
 
 

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