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Australia to require employers to pay super within seven days of each pay cycle starting July 2026.
Australia is proposing "pay day super" legislation requiring employers to pay superannuation contributions within seven business days of each pay cycle, starting July 1, 2026, to prevent delays and lost retirement savings.
The reform aims to align super payments with regular pay schedules, addressing widespread underpayment—estimated at $110 million weekly—by improving accountability and reducing losses from business failures.
The Australian Taxation Office will use a risk-based approach to monitor compliance, with penalties for late payments.
Supporters say the change could boost average retirement savings by $7,700 due to earlier compounding and better data systems.
Australia exigirá a los empleadores que paguen súper dentro de los siete días de cada ciclo de pago a partir de julio de 2026.