CANBERRA, ACT, Oct. 9 -- The Treasurer of Australia issued the following media release:
Today, the Albanese Labor Government has introduced legislation to require super to be paid on payday, a reform that will benefit the retirement incomes of millions of Australians.
This legislation is all about reforming our superannuation system to help ensure more Australians get the secure retirement they need and deserve.
Our government is ensuring more Australians earn more, keep more of what they earn and retire with more too.
After the passage of this legislation employers will be required to pay their employees' super at the same time as their salary and wages.
This important change will take effect from 1July 2026.
It will strengthen Austr...