Payday Super Reforms: A Challenge for SMEs
Small businesses are warning that their payroll software and back-office systems may not be ready to comply with the federal government's planned payday superannuation reforms, potentially exposing them to financial penalties.
The Labor government is introducing changes that will take effect from July 1, 2026, requiring employers to submit superannuation payments for employees at the same time as wage and salary payments.
- Reforms to take effect from July 1, 2026
- Employers must submit superannuation payments with wage and salary payments
No direct quotes available in the given text.
Author's summary: SMEs face potential financial penalties due to payroll software limitations.
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