Federal government urged to delay Payday Super implementation

Federal government urged to delay Payday Super implementation

Various groups have urged the Federal Government to postpone its plan to roll out the Payday Super regime for up to two years to give the superannuation industry and small businesses sufficient time to meet the new requirements. In a joint submission to Treasury this week, eight professional bodies have set out their concerns and key recommendations to ensure a smooth transition to the new model once all stakeholders are prepared. In particular,…