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Showing 31 - 40 of 51 results for "Payday Super"

New government must prioritise payday super: SMC

KARREN VERGARA  |  WEDNESDAY, 16 APR 2025
Super Members Council (SMC) is urging Australia's newly elected government to pass the payday super legislation as a matter of priority within its first 100 days in power. The council's analysis found that in 2021-22, about $5.1 billion of super went ...

NPP not suitable as the primary payment system for payday super

MATTHEW WAI  |  WEDNESDAY, 9 APR 2025
Payday super, coming into effect 1 July 2026 pending the current draft legislation, could bring a world of problems once introduced, including payroll and tax obligations for Australian small and medium enterprises (SMEs), experts claimed. One of the ...

Payday super on track, but so is the $3m super tax

ELIZA BAVIN  |  TUESDAY, 25 MAR 2025
... increase in tax from earnings on investments," Federal Budget documents state. In addition, the government confirmed payday super reforms are on track to start from 1 July 2026, with Budget papers reaffirming the timetable and a MYEFO investment of $404 ...

Government releases draft payday super law

ANDREW MCKEAN  |  FRIDAY, 14 MAR 2025
The government has released draft legislation to mandate payday super, a policy that was first flagged in the 2023-24 Federal Budget. The draft legislation stipulates that from 1 July 2026, employers must pay their employees' superannuation at the ...

Financial services minister Stephen Jones to retire from politics

ANDREW MCKEAN  |  THURSDAY, 30 JAN 2025
... Superannuation Guarantee to 12%, providing superannuation on top of government-provided paid parental leave, progress towards payday super, steps to improve access to more affordable and accessible financial advice, and enshrining the objective of superannuation ...

Government bolsters funding for payday super reforms

ANDREW MCKEAN  |  THURSDAY, 19 DEC 2024
The government has announced an additional allocation of $401 million over four years to help implement payday super, due to begin 1 July 2026 - requiring employers to pay their employees' superannuation entitlements at the same time as wages. Advocacy ...

Morningstar hires research manager for super

ELIZABETH FRY  |  THURSDAY, 12 DEC 2024
... Anglingdarma's appointment comes as Morningstar Australasia and SuperAPI have announced a strategic alliance to automate payday super compliance for employers.

Top superannuation policy priorities for 2025: SMC

ANDREW MCKEAN  |  TUESDAY, 10 DEC 2024
... in super, which could result in $30,000 less in retirement savings. The government has committed to introducing a payday super scheme, however, the SMC said that "legislation must be passed to make it a reality." It called for the full and timely implementation ...

ATO recovers $900m in unpaid super

JAMIE WILLIAMSON  |  WEDNESDAY, 20 NOV 2024
... will be liable to pay an SG charge. In September, the government outlined further details it plans to include in the payday super legislation to incentivise compliance and ensure employees are fairly compensated when super payments are delayed. This ...

Payday Super penalties ramped up ahead of legislation

JAMIE WILLIAMSON  |  WEDNESDAY, 18 SEP 2024
... superannuation contributions within seven days of paying wages will face harsh penalties under the government's new Payday Super laws. Releasing its proposed framework today, the government outlined further details it plans to include in legislation ...