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2026-27 Federal Budget

https://www.hydadvisory.com.au/news/2026-27-federal-budget/

BIG CHANGES TO SUPERANNUATION – PAYDAY SUPER STARTS 1 JULY 2026

From 1 July 2026, the way employers pay superannuation will change significantly with the introduction of “Payday Super.” This reform aims to ensure employees receive their super contributions at the same time as their salary or wages.

These changes will require employers to update their payroll and superannuation processes to remain compliant.

What Is Payday Super?

Currently, employers are required to pay Superannuation Guarantee (SG) contributions quarterly.

From 1 July 2026, employers will need to pay super at the same time they pay their employees. This means super contributions must be processed on or before each pay day rather than once per quarter.

Why the Change?

The Australian Government is introducing Payday Super to:

Ensure employees receive their super contributions sooner

Reduce unpaid super

Improve transparency and tracking of super payments

Strengthen the retirement savings system

What This Means for Employers

Businesses will need to prepare for several operational changes, including:

Updating payroll systems to process super with each pay run

Ensuring sufficient cash flow to meet more frequent super payments

Reviewing SuperStream clearing house arrangements

Confirming employee super fund details are accurate

While SuperStream will continue to be used, it will need to operate in a way that supports more frequent reporting and payments.

What You Should Do Now

Although the changes start from 1 July 2026, preparation should begin early.

We recommend employers:

Review their payroll software capability

Speak with their payroll provider or clearing house

Check employee super fund information

Plan for cash flow adjustments

Early preparation will help ensure a smooth transition and avoid compliance issues.

If you have any questions or require assistance in navigating these changes, please do not hesitate to contact our office on (02) 8543 6800.

https://www.hydadvisory.com.au/news/business-profit-matters-newsletter-autumn-2026/

https://www.hydadvisory.com.au/news/business-profit-matters-newsletter-summer-2026/

Business & Profit Matters Newsletter – Summer 2026 – HYD Advisory Business & Profit Matters Newsletter – Summer 2026 February 9, 2026/in News /by harvest-staff adminClick here to download the Business & Profit Matters Newsletter Summer 2026.   Share this entryShare on FacebookShare on TwitterShare on Google+Share on PinterestShare on LinkedinShare on TumblrShar...

Business & Profit Matters Newsletter – Spring 2025

Business & Profit Matters Newsletter – Spring 2025 – HYD Advisory Business & Profit Matters Newsletter – Spring 2025 November 6, 2025/in News /by harvest-staff adminClick here to download the Business & Profit Matters Newsletter Spring 2025.   Share this entryShare on FacebookShare on TwitterShare on Google+Share on PinterestShare on LinkedinShare on TumblrShar...

We're Moving! New Office Location from Tuesday 7 October

As a result of continued growth of our business, we’re excited to share that HYD Advisory is relocating to a brand new office space!

From Tuesday, 7 October, you’ll find us at:

Suite 5, Level 1
379 Port Hacking Road
Caringbah NSW 2229

(Opposite Caringbah Library and above Port Hacking Café)

This move marks an exciting new chapter for us. Our new premises features:

• A brand new fit-out designed for comfort and efficiency
• The latest technology to better serve you
• A spacious, modern environment to support our growing team and client needs

While we aim for a smooth transition, there may be temporary disruptions to our phone and email services during the move. We appreciate your patience and understanding.

We look forward to welcoming you to our new office and continuing to provide the high level of service you've come to expect.

BUSINESS & PROFIT MATTERS NEWSLETTER – WINTER 2023

Business & Profit Matters Newsletter – Winter 2023 – HYD Advisory Business & Profit Matters Newsletter – Winter 2023 August 14, 2023/in News /by harvest-staff adminClick here to download the Business & Profit Matters Newsletter – Winter 2023   Share this entryShare on FacebookShare on TwitterShare on Google+Share on PinterestShare on LinkedinShare on TumblrSh...

ATO Audit Activity is on the Increase

The ATO is significantly increasing its audit activity in a range of areas, with increased funding attributed to the ATO in the last budget.

Data-matching and Analytics are being utilised to focus on Superannuation Guarantee, PAYG Withholding and specific deductions, just to name a few areas. The ATO also has a ‘Random Enquiry’ program, to ensure increased review of entities and individuals.

Should you be audited by the ATO, even if no adjustments are required, you could still be left with considerable professional fees. It is for this reason, we offer our Audit Shield service which covers these (up to predetermined limits).

Please click below for further information and we highly encourage you to consider undertaking this insurance.

https://www.hydadvisory.com.au/wp-content/uploads/2023/07/Audit-Shield.pdf

If we can assist with any information on this matter or if you have any questions regarding this email, please do not hesitate to contact our office on (02) 8543 6800.

BUSINESS & PROFIT MATTERS NEWSLETTER – SUMMER 2023

Business & Profit Matters Newsletter – Summer 2023 – HYD Advisory Business & Profit Matters Newsletter – Summer 2023 January 31, 2023/in News /by harvest-staff adminClick here to download the Business & Profit Matters Newsletter – Summer 2023   Share this entryShare on FacebookShare on TwitterShare on Google+Share on PinterestShare on LinkedinShare on TumblrS...

CYBER SECURITY

A couple of weeks ago we saw one of Australia’s largest communications and technology businesses in Optus, fall victim to a massive cyber attack. This demonstrates how sophisticated the cyber hackers are and how we are all at risk.
Imagine if this was your business. If this was your client’s information. What would you do, how would you communicate this message to the market, and what impact do you think it would have on your reputation?

At HYD Advisory, our goal is to help our clients build better businesses. As part of our role, we have a strong focus on business and personal asset protection. As a business owner, you should ensure that your business goodwill and personal assets, that you have worked so hard to build over many years, are protected from a Cyber attack.

We strongly encourage you to review your Cyber Security to ensure that you are appropriately protected – don’t become the next Optus.

If you require any assistance with reviewing your Cyber Security, please contact your client manager on (02) 8543 6800 to arrange an introduction meeting to Motive IT.