Australian Payments Plus (AP+) has today welcomed the passing of payday super legislation, which will help improve retirement savings for millions of Australians by ensuring superannuation contributions are paid at the same time as wages.
Under the reform, set to take effect from 1 July 2026, employees will benefit from more frequent superannuation contributions that are invested sooner, helping boost their retirement balances over time. The change also improves transparency, allowing Australians to more easily track that their super is being paid on time.
The New Payments Platform (NPP), operated by AP+ and best known for brands like PayID, Osko and PayTo, will play a central role in enabling payday super. The ATO in August approved the NPP as a payment method for superannuation contributions and confirmed that, from July 2026, all super funds must be able to receive superannuation payments via the NPP.
“Payday super is a landmark reform that will deliver real benefits for millions of Australians,” said Adrian Lovney, Chief Product Officer at AP+.
“By enabling superannuation contributions to be paid in real time alongside wages, the NPP will help make payday super a reality with fast, secure and data-rich payments that will improve transparency and efficiency for employers, super funds and employees alike.”
“Delivering payday super will require coordinated change right across the ecosystem – from employers to superfunds – and the NPP is ready to play its part.”
Australia’s current superannuation system allows contributions to be paid as infrequently as once a quarter, meaning many employees miss out on weeks or even months of potential investment earnings. Payday super will address this by requiring super contributions to be paid at the same time as wages.
The shift to payday super will be one of the largest changes to the superannuation system in over a decade. Employers, payroll providers, clearing houses and super funds will all need to update their systems and processes to enable timely, data-rich super payments made in line with each pay cycle.
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