Employers who fail to pay super within seven days of paying wages will face tough penalties under proposed laws.
The federal government has previously announced payday super reforms to take effect in 2026, requiring employers to pay superannuation payments at the same time as wages.
A revised framework released on 18 September outlines tough penalties for employers who do not pay on time, including a penalty payment of up to 50 per cent of the amount owing (which includes the unpaid super as well as interest and other charges).
IEU-QNT Branch Secretary Terry Burke welcomed the reforms and urged the government to legislate them as soon as possible.
“Denial of superannuation has been a scourge upon the employment system, affecting 1 in 4 employees and costing them over $5 billion each year,” Mr Burke said.
