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From 1 July 2026 employers will need to pay their employees’ superannuation guarantee at the same time as wages, not quarterly.

It’s called payday super, and it’s designed to help workers grow their retirement savings faster. For SMEs, it means rethinking how you manage cash flow and payroll.
Calendar with payday circled in red marker, symbolising upcoming payday super changes and the need for SME cash flow planning with Banjo Loans.

Why This Matters

If you’re used to paying super every quarter, this shift could feel like a squeeze. Suddenly, those extra weeks of breathing room disappear. As Banjo Loans CEO Guy Callaghan explains:

“The new legislation forces businesses to take even more control of their finances. They will need to be on top of their cash flow situation at all times to ensure they can continually pay super in line with salary and wage cycles rather than quarterly, as is the case now.”

For businesses with seasonal or uneven income, this could be a real challenge. And with consumer confidence down and project delays common, many SMEs are already feeling the pinch.

What Happens If You’re Not Ready?

The penalties for late payments are tough, and the administrative burden is real. Banjo Loans Chief Legal Officer Matthew Boglis warns:

“This legislation represents a fundamental shift in the way that SMEs manage their payroll, stiffens penalties for non-compliance and exposes businesses to higher administrative burden. SME leaders who are not proactive face substantial compliance and cash flow risks, potentially endangering the future of their business.”

What Support Is Available?

The Australian Taxation Office (ATO) has flagged that it will take a light-touch compliance approach during the transition. Employers genuinely trying to do the right thing, or those whose payments fall late through no fault of their own, will not face harsh penalties up to 30 June 2027. Businesses will be assessed as low, medium, or high risk, with the least-risky employers exempt from compliance action during this period.

For official guidance, visit the ATO’s resource hub.

How to Prepare

Here are some practical steps to get ahead of the change:
  • Review your cash flow now: Understand your revenue and expense timing.
  • Forecast the impact: Use Banjo’s Cashflow Forecasting Tool to get a clearer picture of your 
    future cash flow.
  • Get expert help: Talk to your accountant or bookkeeper about updating payroll systems.
  • Plan for flexibility: If you need a buffer, Banjo Loans offers Express Business Loans from $20,000 to $500,000 to help bridge short-term gaps.

Final Tip

The earlier you plan, the smoother the transition will be. As Guy says:

“By preparing well ahead of the changeover date and managing cash flow in line with the new super payment terms, SMEs can position themselves for stability.”

Banjo Loans is here to help you stay in control, so you can focus on growing your business, not stressing about compliance

Want to find out how Banjo can help?

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* Disclaimer: Fees, lending criteria, terms and conditions apply (including an origination fee on each advance). Actual fixed fee (or interest expense) and repayments will vary based on your individual circumstances. Advertised rates are subject to change at any time. Fixed fee (or interest expense) accrues upfront and is paid in instalments. While Banjo does not generally take security over assets, director guarantees may be required and a general security deed or other security may be required for larger loans or in respect of some loan types. Statements regarding timing in relation to applications, approvals and funding are only indicative. Any advice given does not take into account your personal circumstances and you should carefully consider what products are appropriate for you and obtain professional advice where relevant.

Copyright © 2022 Banjo® Loans. Banjo® and Banjo Score® are registered trade marks used under licence by Banjo Loans. All loans are provided by FundIT Ltd ACN 601 130 527 in its capacity as trustee of the Banjo Small Business Loan Fund ABN 32 713 685 984 (AFSL 468033). All loans are subject to eligibility criteria and approval by Banjo. Upfront fee, terms and conditions apply.