Super on payday: Government to begin consultation with industry groups

Businesses and industries will soon get their say on looming superannuation changes requiring employers to pay contributions at the same time as a worker’s salary.

The federal government will begin consulting on Monday about superannuation law changes, due to kick in from July 2026, where super must be paid on payday.

The measures, first announced in the most recent federal budget, aim to claw back billions of unpaid superannuation to workers.

It’s estimated workers were owed $3.4 billion worth of super in the 2019/20 financial year, according to the tax office.

“The non-payment and underpayment of superannuation guarantee contributions by employers risks the retirement income of millions of employees,” the consultation paper on the changes said.