Payday super is one of the most significant payroll changes in years, and businesses need to act now to be ready.
This episode is like a checklist, breaking down what the shift to real-time super payments means in practice, how compliance will work and what employers should be doing before the July deadline.
Key learnings:
What payday super actually requires beyond more frequent payments
How the seven-day contribution rule will affect payroll processes
Why cash flow planning is critical under the new system
How to prepare payroll systems and work with providers effectively
The risks of incorrect employee super fund data and how to fix it
What changes from ordinary time earnings to qualifying earnings mean
How the ATO will approach compliance in the first year
Key actions for businesses using clearing houses before they close
What high-balance super members should consider ahead of new tax rules
If you handle payroll, finance, or business operations, this conversation will help you avoid common pitfalls, as well as help you take practical action before the deadline to avoid disruption and penalties.
Host: Tahn Sharpe, editor, CPA Australia
Guest: Richard Webb, superannuation lead, Policy and Advocacy, CPA Australia
For more, head to the ATO Payday Super guide.
CPA Australia also has resources on superannuation.
And this article offers more insight.
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CPA Australia publishes four podcasts, providing commentary and thought leadership across business, finance and accounting:
INTHEBLACK Out Loud https://www.cpaaustralia.com.au/tools-and-resources/podcasts/intheblack-outloud
Search for them in your podcast platform. Email the podcast team at podcasts@cpaaustralia.com.au
