Will I be Payday Super Compliant making payment via EFT (Direct Credit)?

Yes. With the introduction of Payday Super, from the 1st of July 2026, it is important Employers pay employees’ super at the same time as salary and wages.

If an Employer submits the contribution and makes direct credit payment on Payroll Day (T0 - Qualifying Earnings Day), then SuperChoice will match, reconcile, and pay out to all the Employees’ chosen APRA & SMSF funds (along with sending the relevant contribution data) on the following business day (T1). Well inside the 7 business days required under Payday Super. 

Supporting Information

• From 1st July 2026, Employers must commence: 
  • Paying their employees’ SG at the same time as their salary and wages. 
  • Employers will be liable for the superannuation guarantee charge (SGC) unless contributions are received (can be allocated later) by their employees’ superannuation fund within the required timeframe, generally 7-business days after payday. 
  • If the contribution is refunded and there is a change of fund; a 20-business days “Extended usual period” applies from payday, giving Employers time to correct the error. The 20-business days also applies for (i) first payment for new employee, (ii) non-compliant SMSF, (iii) out-of-cycle payments.
  • Only if a contribution to the correct fund is refunded (i.e. poor data), the Employer must re-contribute to the fund within the original 7-business days. 
• In the rare event of a refund (Currently on average when using the SuperChoice Clearinghouse 99.78% of transactions are submitted without refund). 
  • From 1st July 2026, APRA Funds must now allocate or refund within 3 business days (reduced from 20 business days), thus providing sufficient time for the Employer to resubmit a new contribution for the 2nd time within the 7 business days (assuming the Employer original submission was made on Payday).
  • Following a refund, as highlighted above, if the correction results in payment to a new fund the Employer has 20 business days from Payday for the new fund to receive the contribution.
• The introduction of the new Member Verification Request (MVR) is expected to reduce refund events by up to 90% (or 0.199% of the 0.22% current refunds). The MVR enables an Employer to check if a fund will accept a contribution for a member in advance of Payday. Employers must use an MVR for new Employees and an Employee’s changes of fund. It can also optionally be used following Employee Data Change (name, date of birth, TFN).
• The SuperChoice Clearinghouse / PayClear has been supporting NPP Osko Employer payments since 2021. If you are a Direct Credit Employer and your bank account is NPP-enabled, then your payment to the SuperChoice Clearinghouse / PayClear will be sent via NPP Osko, rather than BECS. Note – NPP Osko has the benefit that payments can be made after the usual banking cut off time of 4pm (AEST). NPP payments can be made at any time of the day including after hours, weekends and public holidays. 

Important – Efficient Contribution Matching

• To enable SuperChoice to efficiently match your contribution submission to your Direct Credit payment (made by NPP Osko or BECS), and avoid delays, refunds or top-up payments, it is important to pay the correct amount with a meaningful payment reference number. For further guidance please view What is the best practice for Direct Credit payments matching?