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The measure will deliver a ‘more dignified retirement to more Australian workers’, treasurer Jim Chalmers says
Employers will be required to pay superannuation on payday, rather than quarterly, under reforms aimed at cracking down on the scourge of more than $3bn of super that goes unpaid each year.
The measure, announced by the treasurer, Jim Chalmers, and financial services minister, Stephen Jones, will take effect in July 2026, giving businesses three years to prepare.
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