Insights

The Government introduced the Payday Super legislation to Parliament on 9 October which is expected to take effect on 30 June 2026. Much has been written about the worthy goal of reducing the $5.7 billion unpaid super problem balanced with the costs to business (especially small business) in terms of additional working capital requirements to make payments sooner. Much less has been said about the practical problem of getting each payment into a superfund on payday, as I iden

In good news for liquidators, ASIC has announced the estimated Industry Funding Levy for FY25 will be $29.50 per notifiable event (a...