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Starting July 1, 2026, Australian businesses will be required to pay superannuation concurrently with payroll, shifting from the previous 90-day cycle. Employment Hero CEO Ben Thompson warns this change could lead to a cash flow crunch of approximately $124,000 for the average business, potentially increasing unemployment. While the legislation aims to enhance workers’ retirement savings, particularly benefiting younger and vulnerable workers, it poses significant challenges for small businesses. Superannuation providers view the change as a win for workers, emphasizing the importance of timely contributions for maximizing investment growth.
