Understanding Treasury’s newly released Payday Super fact sheet

‘Pay’ attention to the details; ‘Super’ interesting developments in the superannuation space, as discussed by David Sofrà, Alston Kam, Analyn Toledo, Roshan LaBrooy, Jenny Thai and Sam Gathercole.

The Treasury has released a fact sheet providing further implementation details on Payday Super, including the due date of contributions, updates to the Superannuation Guarantee (SG) Charge regime and the future compliance approach of the Australian Taxation Office (ATO). In one of the biggest changes since the introduction of the Superannuation Guarantee in 1992, from 1 July 2026, employers will be required to pay their employees' SG entitlements on 'payday' (instead of quarterly). It will...

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Authors: David Sofrà, Analyn Toledo,

Published Date: 19 September 2024