Understand the impact of the Payday Super changes for the business.
Identify relevant payroll staff to be trained or become familiar with the Payday Super changes including an understanding of what occurs where missed payments occur as well as the potential ATO penalties and interest charges.
Contact the payroll provider or digital service provider to confirm whether it will be ready for Payday Super in time for the change on 1 July 2026.
Review the cash flow for the business to ensure SG contributions on Qualifying Earnings can be calculated correctly and paid in time. This is usually 7 business days after paying the ‘employee’ wages and other specified amounts. For new employees SG contributions are required to be made within 20 business days of payment.
Ensure that payroll systems are able to identify and quickly correct any errors relating to super contributions to ensure the fund receives the contribution by the required time.
Check to see that the fund is New Payments Platform (NPP) enabled to receive employer contributions. This includes use of a bank account which is able to receive a payment via Osko, PayID or PayTo so that the fund can receive contributions in real-time. It will still be possible for employer contributions to be made by EFT or BPAY, however, it may take longer to reach the fund’s bank account. Any new account numbers are required to be reported to the ATO.
Check to see that the super fund details for all eligible employees are up-to-date to prevent any errors. This includes:
Employee's name,
Date of birth,
the employee’s super fund account number,
choice of fund election form (if any),
the fund’s unique superannuation identifier (USI) for APRA regulated funds which can be confirmed by the ATO’s Fund Validation Service
For employees who have chosen an SMSF, the following information should be obtained:
Update records for any employees who have changed funds or provided new complying superannuation details.
Report Qualifying Earnings to the ATO by using software that has Single Touch Payroll (STP) enabled.
Review and correct any error messages received from super funds or retirement savings accounts (RSAs). If this occurs after 1 July 2026 the contribution could be rejected resulting in the employer incurring an SG liability.
Consider early adoption of Payday Super to identify any issues that may arise prior to its commencement on 1 July 2026.
The Small Business Superannuation Clearing House is closing on 30 June 2026 and employers will be required to find an alternative before the commencement of Payday Super on 1 July 2024.
Notify employees and the changes due to the introduction of Payday Super.
If an employee has selected an SMSF the main issue is the validation of information so that the contribution can reach the fund in time. It should be ensured that :
The fund is a complying superannuation fund and can accept SG contributions. This can be confirmed by accessing SuperFund Lookup to determine the status of the SMSF. It is recommended that the SMSF lodge its annual returns on time otherwise SG contributions cannot be accepted by the SMSF.
The employee has provided the correct fund membership identifiers such as their TFN
VerifyThe SMSF is NPP enabled (see above).
The software used by the SMSF is Member Verification Request (MVR) enabled to determine whether a fund can accept a contribution for an employee.
If the employee is a ‘related party’ of the employer or SMSF it is not compulsory to use SuperStream, however, it may be worthwhile from a record keeping point of view.
