‘Payday super’ changes tipped to add thousands to retirement incomes
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The federal government is moving to payday super, which will allow millions of Australians the super they are owed.
From July 1, 2026, the option of paying super quarterly will disappear and employers will be required to pay their employees’ super at the same time as their salary and wages.
These changes come after investigations cracking down on the scourge of more than $3bn of super that goes unpaid each year.
The measure, announced by the treasurer, Jim Chalmers, and the financial services minister, Stephen Jones, will take effect in July 2026, giving businesses three years to prepare.
The Wire’s Aryana Mohmood spoke to Bernie Dean, Chief Executive of Industry Super Australia to find out how the industry has responded to these changes…
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