Businesses are being warned that upcoming “payday super” reforms could create significant cash-flow pressure if they are not prepared, according to reporting by The West Australian. The article says many employers are still unaware of the changes, with the figures indicating that roughly two in five businesses have little or no understanding of the reform. Experts cited in the coverage caution that employers that fail to adjust payroll and superannuation processes may face operational and financial difficulties, including the potential for a cash-flow squeeze. The reforms are described as a “super shake-up,” suggesting a shift in how and when superannuation is paid in relation to employees’ pay cycles. While the coverage emphasizes preparation risks, it does not detail specific implementation timelines or the full mechanics of the reforms. Overall, the thrust of the reporting is that businesses need to respond early by reviewing payroll systems and super administration arrangements to reduce the likelihood of disruption when the reforms take effect.
Businesses warned new payday super reforms could strain cash flow
Businesses are being warned that upcoming “payday super” reforms could create significant cash-flow pressure if they are not prepared, according to reporting by The West Australian. The article says m...
- The reforms are described as a significant “payday super” superannuation shake-up.
- About two in five businesses reportedly have little or no knowledge of the reforms.
- Experts warn that unprepared businesses may face a cash-flow squeeze.
- The reporting focuses on risks to employers related to payroll and superannuation timing.
- No further operational details or timelines are provided in the supplied summaries.
Two in five businesses have no idea a landmark super shake-up is coming, and experts warn those that aren’t prepared could face a serious crisis.
2 months agoTwo in five businesses have no idea a landmark super shake-up is coming, and experts warn those that aren’t prepared could face a serious crisis.
2 months ago
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