The Payday Super Bills were introduced at Parliament today, outlining amendments to the Superannuation Guarantee Act that facilitate payment of superannuation at the same time as wages.
Paul Robson, CEO of MYOB, said:
“MYOB advocates for certainty for small and medium-sized businesses, giving them time to adapt to changes and remain compliant. To this end we welcome the clarity and confidence the introduction of the Payday Super Bill gives SMEs, ahead of the new superannuation payment requirements commencing on 1 July 2026.
“We support the Federal Government’s commitment to improving retirement outcomes for Australians. Our digital solutions are ready for SMEs to adapt to these changes and remain fully compliant when they come into effect.”
In recognition of the economy-wide transition required for the enablement of Payday Super, the bills reflect a revision of the originally proposed window for compliance from seven calendar days to seven business days, a proposal advocated for by MYOB.
“We are pleased to see the government has considered industry feedback and taken a commonsense approach to compliance timeframes,” said Paul.
“Small and medium-sized businesses employ around two-thirds of Australia’s workforce, making their readiness essential to the successful rollout of Payday Super. Empowering these businesses to implement the changes effectively will be key to achieving the Bill’s goals.”
MYOB is a substantial contributor to the superannuation ecosystem, supporting the onboarding and payment of superannuation for approximately 1.2 million Australian employees through its software.
For more information on MYOB’s superannuation solutions, please visit: Payday Superannuation: A Complete Small Business Guide