Payday Super: How long do employers have to pay SG?

How long do employers have for an employee's SG contribution to reach their super fund?

No later than 7 business days after payday, and payday itself counts as day zero.

That's a significant tightening on current obligations, and it changes how payroll needs to be run. Under the existing quarterly model, there's room to batch, delay, and correct. Under payday super, the clock starts the moment you pay your employees.

For most businesses, this means super can no longer be treated as a separate task that happens at the end of the quarter. It needs to be built into your standard payroll workflow, initiated on payday, processed through your clearing house, and received by the fund within that 7-business-day window.

The good news: if your payroll software and clearing house are properly integrated, this process can be largely automated. The key is making sure your employee data is clean and your contribution files are error-free before payday super kicks in — because there's no longer enough time to fix issues after the fact.

Microkeeper + Beam help you automate super payments directly from payroll, so you're not manually managing the clock.

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Read the full blog on Payday Super Questions Answered

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_{The Q&As is provided by Microkeeper. The information about Beam in the Q&As is provided by Precision Administration Services Pty Ltd (ABN 47 098 977 667, AFSL 246 604) (Precision), issuer of Beam. Microkeeper does not provide advice or a recommendation in relation to Beam or any other clearing house product. The opinions and comments shared by people in this article are theirs alone, and they’re not necessarily shared by Precision.} 

_{Precision is wholly owned by Australian Retirement Trust Pty Ltd (ABN 88 010 720 840, AFSL 228 975), trustee of Australian Retirement Trust (ABN 60 905 115 063). The information about Beam is general information only. It’s not based on the specific objectives, financial situation or needs of your business. So think about those things and read the Product Disclosure Statement (PDS) before you make any decision about Beam products. For a copy of the Beam Clearing House PDS, contact Microkeeper or visit their website.}