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Legislation will be changed to align super payments with salary or wages from 1 July 2026.
Aligning superannuation guarantee payments helps:
- employees track whether their super has been paid
- employees receive compensation if super is unpaid
- the Australian Taxation Office recover unpaid super
- increase retirement savings through investing super sooner
- prevent employers building up large payroll liabilities.
This will benefit around 8.9 million employees.
These changes aim to reduce unpaid superannuation – estimated at $5.2 billion in 2020–21.
Related content
Find out how this reform affects employers and employees in the fact sheet.
Treasury consulted on the:
Media
- Media release – Introducing payday super – 2 May 2023