With changes to superannuation on the horizon, now is a good time to make sure your obligations are up to date.
From 1 July 2026, the new Payday Super regime will apply, meaning superannuation contributions will need to be paid at the same time as employee wages, replacing the current quarterly payment system.
In the meantime, if your business did not pay super guarantee (SG) for the March 2026 quarter in full, on time, and to the correct fund by 28 April 2026, you will need to:
- Lodge a superannuation guarantee charge (SGC) statement, and
- Pay the SGC to the Australian Taxation Office (ATO) by Thursday, 28 May 2026.
There are also a couple of important changes to be aware of:
- Late payment offset (LPO): May 2026 is the final opportunity to apply the LPO. It will no longer be available for late SG payments from the June 2026 quarter onwards (due 28 July 2026).
- Small Business Superannuation Clearing House (SBSCH) closure: The SBSCH will permanently close from 1 July 2026.
Next steps
These changes are part of a broader shift in how super is managed, so it’s important to ensure your processes are ready ahead of time.
If you’re unsure about your March quarter obligations, these upcoming changes, or how Payday Super will impact your business, speak with your local Nexia Advisor today.
