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Payday Super and independent contractors
The ATO is reminding businesses that Payday Super changes when super contributions must be paid, not who is entitled to receive them.
Tips for meeting the Payday Super timeframe
Under Payday Super, contributions must be received by an employee’s super fund within seven business days after payday.
ATO says: "Don't delay: act now to transition from the SBSCH"!
The Small Business Superannuation Clearing House ('SBSCH') will permanently close on 1 July 2026. Therefore, employers still using it have less than a month to transition to an alternative service provider, test their new arrangements and resolve any issues before Payday Super begins.
Payday Super: How to manage super during the changeover
The ATO is providing information that employers need to know to manage the changeover from quarterly super to Payday Super from 1 July 2026 (i.e., when employers will begin paying super with each payday under the Payday Super changes).
Late payment offset will no longer be available
Currently, employers who make a late super guarantee (SG) payment, can lodge a super guarantee charge (SGC) statement and use the LPO to reduce their SGC liability by amounts paid late to a fund.