One of the biggest changes to Australia’s superannuation system in decades is about to begin.

From July 1, employers will need to pay superannuation at the same time as wages — rather than quarterly — under the new payday super rules.

Sean Aylmer speaks with Richard Webb, Superannuation Lead at CPA Australia, about what the changes mean for small and medium-sized businesses, from major adjustments to payroll and cashflow management, and why businesses need to act now to avoid painful compliance problems later.

One of the biggest changes to Australia&rsquo;s superannuation system in decades is about to begin. From July 1, employers will need to pay superannuation at the same time as wages &mdash; rather than quarterly &mdash; under the new payday super rules. Sean Aylmer speaks with Richard Webb, Superannuation Lead at CPA Australia, about what the changes mean for small and medium-sized businesses, from major adjustments to payroll and cashflow management, and why businesses need to act now to avoid painful compliance problems later.

Business news you can use. A daily business news podcast with journalists Sean Aylmer and Michael Thompson. Find out more at https://fearandgreed.com.au

Business news you can use. A daily business news podcast with journalists <a href="https://www.linkedin.com/in/sean-aylmer-9922068/" data-saferedirecturl="https://www.google.com/url?q=https://www.linkedin.com/in/sean-aylmer-9922068/&amp;source=gmail&amp;ust=1689199223540000&amp;usg=AOvVaw0wu3ezGEfBZFYspJbTTaYL">Sean Aylmer</a>&nbsp;and&nbsp;<a href="https://www.linkedin.com/in/mcwthompson/" data-saferedirecturl="https://www.google.com/url?q=https://www.linkedin.com/in/mcwthompson/&amp;source=gmail&amp;ust=1689199223540000&amp;usg=AOvVaw08pZ8jZ88rHJgCfbHkTr5k">Michael Thompson</a>.&nbsp;Find out more at&nbsp;<a href="https://protect-au.mimecast.com/s/7AmQCOMxmAtl5q0qiE-KY7?domain=fearandgreed.com.au/" data-saferedirecturl="https://www.google.com/url?q=https://protect-au.mimecast.com/s/7AmQCOMxmAtl5q0qiE-KY7?domain%3Dfearandgreed.com.au/&amp;source=gmail&amp;ust=1689199223540000&amp;usg=AOvVaw1DLq_FuqjEt3HC-ZK1704H">https://fearandgreed.com.au</a>

Fear and Greed is Australia's most popular business podcast.

FEAR & GREED | Business News

Daily business news for people who make their own decisions, with business journalist Sean Aylmer and Michael Thompson. Find out more at https://fearandgreed.com.au

Daily business news for people who make their own decisions, with business journalist <a href="https://www.linkedin.com/in/sean-aylmer-9922068/">Sean Aylmer</a> and <a href="https://www.linkedin.com/in/mcwthompson/">Michael Thompson</a>. Find out more at <a href="https://protect-au.mimecast.com/s/7AmQCOMxmAtl5q0qiE-KY7?domain=fearandgreed.com.au/">https://fearandgreed.com.au</a>

Q+A: Payday super is coming: what every small business needs to know

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/106e7256-7029-4aae-af97-b45700ced4c2/transcript