Initial impressions of the draft payday super legislation

David Sofrà, Andy Larmour, Kevin Ferdinands and Analyn Toledo provide insights on some of the changes the proposed payday super legislation would bring, and how employers can start to act now, before anything has been legislated.

Having waited patiently for draft legislation on the introduction of payday super, on 14 March 2025, four superannuation draft bills and draft regulations all came along at once. Two of the exposure draft bills released by Treasury relate to the implementation of the Government's payday super policy commitment for superannuation guarantee (SG) contributions to be paid at the same time as an employee's salary or wages. The stated aim of the draft legislation is to address the issue of unpaid...

Sign in below or register now to read the full article

Authors: David Sofrà, Andrew Larmour,

Published Date: 18 March 2025