Payday super

Written by Claude Haiku 5.5 from the extracted text on 21 Oct 2026. It can miss or misread redacted and scanned pages. Check the source before relying on it.

This FOI release comprises a Treasury ministerial submission (MS24-002443) to the Treasurer, with attachments including draft legislation and regulations, explanatory materials, and letters to states and territories for the Payday Super measure, which requires employers to pay super guarantee contributions within seven days of payday. The submission seeks approval to release a four-week exposure draft consultation, aiming for passage in 2025 and a 1 July 2026 commencement. It sets out the policy features, including a new SG charge structure, an ordinary time earnings base, a late payment penalty of 25 per cent, and a cap on choice loading of $500 per employee. It flags stakeholder concerns from DSPs and payroll platforms about lead times, public holiday timing and OTE reporting. No dollar costings are stated in the excerpt, and it notes no forward estimates impact beyond MYEFO.