One compliance area where the ATO show no mercy!
From 1st of July 2026 employers are obliged to pay superannuation on the same day as payroll. It is called “Payday Super”.
The funds much reach the employees superfund within 7 days of processing payroll.
If you have contractors that are ‘deemed employees’ this rule applies to contractor payments also.
Superannuation should be processed on the same day as you pay the contractor invoice.
Blue Amber Bookkeeping can relieve you of this burden and take care of this process.
When we process your payroll, we will also process your superannuation.
When we process your contractor payments, we will also process your superannuation.
As a Xero only practice, we use the Xero superannuation clearing house to streamline this process. We make it easy for you!
Superannuation payments are one of my favourite Xero features! We set up the payment in the Xero file and the client approves it with the code that went to their mobile. The funds are direct debited from their bank account that night – done and dusted!
If you have contractors that are deemed employees, you need to pay their super the same day as you pay their invoice.
It is more important than ever to have a structured process for paying your contractor invoices, or you will very quickly find yourself in an administrative nightmare.
For our clients where we take care of creditors/accounts payable, we will also take care of the contractor superannuation payments, same day, in compliance with the legislation.
If you need help navigating super, we are here to help.
NEED TO DISCUSS YOUR SUPERANNUATION?
Call us any time, Monday to Thursday, on 02 9545 1111, or fill out the form below to send us a message.
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