From 1 July, employers will need to pay super contributions at the same time as wages, so the money reaches employees’ accounts within 7 business days. The ATO has put together a handy factsheet explaining what’s changing and what you need to do.

It’s a good idea to start thinking about how you’ll manage the transition — check your payroll systems, talk to your software provider, accountant, or tax professional if needed.

* Check out the attached Payday Super Factsheet to make sure you’re ready for the new rules!