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ISSUE 4
The Impact of Payda Considerations for Gl
Author: Marcus Zeltzer
Superannuation compliance is a vital part of payroll management in Australia. Superannuation, or ‘super’, is money put aside by employers over an employee’s working life to live on when they retire from work.
Currently, superannuation is paid at least four times a year, but starting from 1 July 2026, Payday Super will be introduced, requiring employers to make these contributions alongside regular salary payments. This change is intended to provide employees with more timely contributions to their superannuation accounts, enhancing their financial well-being. However, implementing Payday Super presents major challenges. There is still a lack of clarity on how it will work technically and operationally, leaving payroll specialists and software providers uncertain about how to prepare. Combined with the
existing complexities of managing superannuation and the limitations of payroll systems, this uncertainty creates significant challenges that need to be addressed.
Navigating superannuation compliance
Superannuation compliance may seem simple, but ensuring accuracy and timeliness consistently is challenging as it requires careful management and attention to detail. Each of the following challenges demands a proactive approach to mitigate risks and ensure accurate, compliant superannuation management:
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