Following the receipt of Royal Assent, the Payday Superannuation reform will take effect from July 01, 2026. Employers will be required to pay Superannuation Guarantee contributions on each payday instead of quarterly, ensuring timely payments, greater transparency, and improved retirement outcomes for employees.
The Position Statement has been revised to include more details about these legislative updates and the patch availability. We encourage our customers to review the position statement regularly to stay updated. The Position Statement can be found on My Oracle Support, Doc ID 2973834.1.