Payday Super

Written by Claude Haiku 4.5 from the extracted text on 28 Feb 2026. It can miss or misread redacted and scanned pages. Check the source before relying on it.

Treasury consulted on exposure draft legislation for Payday Super following Treasurer approval in March 2025, receiving 166 written submissions, 6 industry roundtables, and 8 stakeholder meetings by the April 2025 deadline. While stakeholders supported the core reform to align superannuation payments with wages, significant concerns emerged regarding the proposed 1 July 2026 commencement date, the 7 calendar day contribution due date, and employer penalty risk for delays caused by third parties outside their control. Treasury identified that digital service providers—on which businesses heavily rely—have not begun system builds due to uncertain design parameters, with implementation timeframes rather than cashflow preparation being the critical readiness issue. Some stakeholders, particularly superannuation funds, proposed alternative approaches including transitional grace periods or phased implementation to address concerns. The legislation will also amend stapling provisions to allow employers to retrieve stapled fund details and restrict non-