What should employers do now?
Preparation is far easier than fixing problems later. Practical steps include:
- confirming your payroll software is Payday Super ready
- speaking with your accountant, bookkeeper or payroll provider
- reviewing cashflow planning and payment cycles
- ensuring staff responsible for payroll understand the new requirements
A preparation checklist is also available here: https://www.ausfoodsuper.com.au/payday-super/#checklist
Read more information about Payday Super.