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From 1 July 2026, legislation will be changed to align superannuation guarantee payments with salary or wages. This will benefit around 8.9 million employees.
Aligning super payments with wages will:
- Help employees track whether their super has been paid and receive compensation if it hasn't.
- Assist the Australian Taxation Office (ATO) in recovering unpaid super.
- Increase retirement savings by allowing super to be invested sooner.
- Prevent large payroll liabilities for employers.
These changes aim to reduce unpaid superannuation, which was $3.6 billion in 2020–21.
Related content
Media
- Consulting on payday super [media release] Treasurer, the Hon Dr Jim Chalmers MP and Assistant Treasurer, the Hon Stephen Jones MP, 9 October 2023
- Introducing payday super [media release] Treasurer, the Hon Dr Jim Chalmers MP and Assistant Treasurer, the Hon Stephen Jones MP, 2 May 2023