In this important episode of Wealth Coffee Chats, Daniel McPherson from Positive Tax breaks down the newly passed payday super legislation- a major change set to impact every business owner across Australia. With the law officially taking effect on 1 July 2026, Daniel explains why the transition window is shorter than it seems and why businesses that aren’t prepared risk severe penalties. He outlines how the long-standing quarterly super cycle will be replaced with a strict requirement for super contributions to be received by the fund within seven days of each payday, giving employers far less cash-flow flexibility. Daniel also dives into the new penalty structure, real-time ATO visibility through payroll systems, and why the commonly discussed “leniency period” is not actually written into law. He highlights the significant operational changes required-automation, tighter payroll accuracy, award compliance, and more frequent cash-flow planning. Finally, Daniel shares an action plan so business owners can prepare early, avoid unnecessary penalties, and protect their employees’ retirement savings. This is a must-listen for anyone running payroll in Australia.

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