HR and payroll leaders have weeks to stress-test their systems before Australia's biggest superannuation shake-up in decades takes effect
Australia's shift to payday superannuation on 1 July 2026 will strip away a critical cash flow buffer that many businesses – particularly in construction, labour hire, hospitality and healthcare – have quietly relied on for years, according to a leading insolvency expert.
Chris Baskerville, partner at national insolvency and business recovery firm Jirsch Sutherland, said the reform will function less as a compliance change and more as a real-time diagnostic tool that exposes underlying financial stress before it becomes terminal.
"For many construction businesses, Payday Super won't create new problems – it will highlight financial issues that were already there," Baskerville warned.
"Industries like construction, labour hire, hospitality and healthcare have very little margin for error. When you remove the ability to hold onto superannuation funds for up to three months, there is far less room to absorb natural fluctuations in cash flow."
From 1 July 2026, employers must pay superannuation contributions at the same time they pay employees' wages, with contributions required to reach the employee's nominated super fund within seven business days of payday. The shift ends a long-standing system under which super could be paid quarterly, with deadlines falling up to 28 days after each quarter ended.
The reform was ...
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