On 25 March 2026, the Australian Prudential Regulation Authority (APRA) and the Australian Taxation Office (ATO) issued a letter to Registerable Superannuation Entity (RSE) licensees regarding the commencement of Payday Super on 1 July 2026.
The letter sets out the ATO’s and APRA’s roles in the implementation of Payday Super, the relevant regulations and standards to support Payday Super, and next steps to support RSE licensee implementation readiness by 1 July 2026.
Under new regulations, RSE licensees must from 1 July 2026 receive and allocate superannuation contributions made by employers to member accounts, or return those contributions, within three business days of receipt.
Whilst there is a strong industry commitment to Payday Super, the ATO is concerned that a material number of RSE licensees are not currently on track to deliver all elements of SuperStream 3.0, particularly the key Member Verification Request service.
Next steps
The ATO and APRA remind RSE licensees that:
- The commencement date for Payday Super has been set by Parliament to be 1 July 2026, and RSE licensees have a key role supporting a successful transition alongside other system participants.
- Significant breaches relating to Payday Super requirements commencing 1 July 2026 would necessitate a breach notification to APRA.
- APRA would expect processing of contributions to be part of an RSE licensee’s critical operations and accordingly be subject to the requirements of Prudential Standard CPS 230 Operational Risk Management.