In this guide
- Tougher Payday super reforms announced
- SMSFs more likely to be in retirement phase post 65
- Vanguard ordered to pay $12.9 million greenwashing penalty
- Tax deductibility of financial advice fees clarified
- Super balances fall as many Australians underprepared for retirement
- Report slams super for housing scheme
- Over $17 billion in lost super
Tougher Payday super reforms announced
The government has released further design details of its Payday super reform, set to go live on 1 July 2026.
An updated super guarantee (SG) charge framework will ensure employees are fully compensated for any delay in receiving their super, incentivise employers to catch up on any missed payments quickly, and increase the severity of consequences for employers that deliberately or repeatedly do the wrong thing.
Businesses will become liable for this updated super guarantee charge if super contributions are not received by their employees’ super fund within seven days of payday.
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