A benefit to everyone an obligation for employees
There are two new obligations coming to effect from 1 July 2026 for all employers to pay superannuation obligations at the same time wages & salaries are paid.
Employers also need to ensure these payments reach employees super fund within seven days.
If you are an employer you need to prepare now, review & update your current process and ensure your meeting the obligation by 1 July 2026. Click here for a detailed checklist prepared by Xero will help to assist in meeting your obligation.
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.