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Navigating NPP and Payday Super: what super funds need to know
#7. Co-hosts Sarah Penn and Neil chat with Marnie Ryan, head of product innovation and enablement at AP+ (formerly NPP Australia). We cover:
- NPP and Superannuation: From 1 July 2026, funds must accept real-time payments via the New Payments Platform (NPP)—mandatory, and separate from Payday Super legislation.
- Modernising Payments: Transition away from BECS is set for 2030. Super funds need to get ready to shift from batched, delayed payments to instant, always-on transactions.
- Reconciliation Revolution: NPP upgrades solve historic problems with payment reference numbers, making reconciliation faster and easier—especially important for super contributions.
- Pilot Programs in Action: Leading funds and clearinghouses are already piloting real-time payments, so the future is now.
- Fraud and Security: New features like confirmation of payee and PayID add extra layers of trust and validation for fund rollovers and member withdrawals.
- Getting Ready: Execs should engage tech, ops, and employer services teams now. Start talking to your bank and payment partners to understand your platform readiness.
- Member Experience: Real-time payments create new member expectations. Faster clearing and instant notifications can improve trust and encourage members to check contributions more often.
- Innovation Pipeline: Expect more streamlined experiences with products like PayTo, reducing manual entry and making top-ups or pension drawdowns seamless—24/7, even at year-end crunch time.
Key takeaway: Don’t wait for legislation—engage with your banking and payment providers now to be NPP-ready before the 2026 deadline.
Marnie Ryan on LinkedIn: https://www.linkedin.com/in/marnie-ryan-33b5a741
Australian Payments Plus: https://www.auspayplus.com.au/
That Super Show
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Sarah Penn, CEO of Mayflower Consulting
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Neil Benson, Founder of Novagentic
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View all episodes
By Neil Benson & Sarah Penn#7. Co-hosts Sarah Penn and Neil chat with Marnie Ryan, head of product innovation and enablement at AP+ (formerly NPP Australia). We cover:
- NPP and Superannuation: From 1 July 2026, funds must accept real-time payments via the New Payments Platform (NPP)—mandatory, and separate from Payday Super legislation.
- Modernising Payments: Transition away from BECS is set for 2030. Super funds need to get ready to shift from batched, delayed payments to instant, always-on transactions.
- Reconciliation Revolution: NPP upgrades solve historic problems with payment reference numbers, making reconciliation faster and easier—especially important for super contributions.
- Pilot Programs in Action: Leading funds and clearinghouses are already piloting real-time payments, so the future is now.
- Fraud and Security: New features like confirmation of payee and PayID add extra layers of trust and validation for fund rollovers and member withdrawals.
- Getting Ready: Execs should engage tech, ops, and employer services teams now. Start talking to your bank and payment partners to understand your platform readiness.
- Member Experience: Real-time payments create new member expectations. Faster clearing and instant notifications can improve trust and encourage members to check contributions more often.
- Innovation Pipeline: Expect more streamlined experiences with products like PayTo, reducing manual entry and making top-ups or pension drawdowns seamless—24/7, even at year-end crunch time.
Key takeaway: Don’t wait for legislation—engage with your banking and payment providers now to be NPP-ready before the 2026 deadline.
Marnie Ryan on LinkedIn: https://www.linkedin.com/in/marnie-ryan-33b5a741
Australian Payments Plus: https://www.auspayplus.com.au/
That Super Show
- Visit That Super Show website
- Follow That Super Show on LinkedIn
- Follow That Super Show on YouTube
Sarah Penn, CEO of Mayflower Consulting
- Connect with Sarah on LinkedIn
- Follow Mayflower Consulting on LinkedIn
- Visit Mayflower Consulting's website
Neil Benson, Founder of Novagentic
- Connect with Neil on LinkedIn
- Follow Novagentic on LinkedIn
- Visit Novagentic website