A benefit to everyone, an obligation for employers
There are two new obligations coming into effect from 1 July 2026 for all employers to pay superannuation contributions at the same time wages & salaries are paid.
Employers also need to ensure these payments reach employees’ super funds within seven days of the payment period.
If you are an employer, you need to prepare now, review & update your current processes and ensure you are meeting the new obligations by 1 July 2026. Click here for a detailed checklist prepared by Xero that will help to assist in meeting your obligations.
As always, Crest Accounting is here to assist you with this transition, so please do not hesitate to contact our office with any queries or questions you may have.