Payday Super – Are you ready?
Overview
What we now know about Payday Super and how it will impact you and your clients
Payday Super is the biggest change to superannuation in over 30 years and a recent survey revealed that close to 60% of employers are totally unaware of it and how it will impact their business.
What we do know is that they will be relying heavily on you to help them navigate this change between now and 1 July.
The rules are now becoming clearer and this session is the second in our Payday Super educational series, designed to further bring you up to speed on what’s changing and, most importantly, what actions you can take right now to prepare your clients and their businesses for Payday Super.
You may also be interested in: Payday Super – Legislation Passed!
Learning Outcomes:
During this session you will learn:
- A recap of the Payday Super legislation
- The new term “Qualified Earnings” (QE) and how it differs from “Ordinary Time Earnings” (OTE).
- What types of Super payments are not covered under the Payday Super Legislation.
- Details of the Final version of the ATO Payday Super PCG (Practical Compliance Guideline)
- How Self Managed Super Funds will be impacted
- The Super rules many employers are not following when it comes to on-boarding employees and the use of Default and Stapled Funds
- How Contractors will be impacted by Payday Super
- What payroll software providers are doing to cater for Payday Super
- Impacts on the Maximum Super Contribution Base calculation for the 2026 and 2027 Financial years
- How employers may still be liable for penalties even if they have made their super payments on time.
- What concessions exist for employers
- How the Superannuation Guarantee Charge (SGC) calculation is changing
- How the closing of the ATO Small Business Superannuation Clearing House on 30 June will impact more than 250,000 small businesses
- How Single Touch Payroll (STP) data will need to be updated to cater for Payday Super reporting
- How out of cycle payroll payments are treated
- Answers to the most common questions to date on Payday Super
- Practical opportunities for how you can commence advising and preparing clients on the introduction and impact of Payday Super on their business.
Suited to:
Accounting Professionals involved in Business Advisory services including technology and those assisting clients in payroll setup, processing or support
This On Demand recording Includes:
- Recording of the Live Webinar, which can be viewed multiple times, for as long as required
- Presenters contact details for follow up questions
- CPD Quiz
- CPD Certificate
- CPD Report – Logged automatically
- PowerPoint Presentation
- Verbatim Transcript, with Searchability
- Supporting Documentation
Course syllabus
3 lessons
- Video – Payday Super – Are you ready?Video
- Feedback Survey QuestionsSurvey
- Knowledge QuizTest
Your presenter
Clayton OatesQA Business
is an Accounting Technologist who for the past 11 years has been named as a Top Accounting Technology Leader by USA CPA Practice Advisor.
Importantly Clayton speaks from experience; starting out his professional life in Tax at PwC (Melbourne) followed by time in Industry before moving to Northern NSW where he established QA Business (a specialist technology advisory firm). QA Business has assisted more than 20,000 SMB’s and their advisors in the use of Accounting, Payroll & Business software solutions.
Claytons Professional Qualifications Include
- Bachelor of Business (Accounting) Monash University
- Accredited Software Consultant with Various Software Vendors
- Fellow of the Institute of Public Accountants (FIPA)