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AUD $ Your Super, Your Future Australian Retirement Savings, Simplified SUPERANNUATION · AUSTRALIA

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⚠️ Important: SuperMate provides general information only — not personal financial advice. For advice tailored to your situation, please consult a licensed financial adviser. Find an adviser →

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APRA & ATO News

Stay up to date with the latest regulatory changes, superannuation statistics, and policy updates — explained in plain English.

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Payday Super Tool

1 July 2026 deadline approaching. Check your business readiness, complete the compliance checklist, and estimate late payment penalties.

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Superannuation in Australia — Key Facts

$3.9T
Total super assets in Australia
11.5%
Super Guarantee rate (2025-26)
$30,000
Concessional contribution cap (2024-25)
60
Preservation age (born after 1 July 1964)
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Upcoming Regulatory Changes

Key superannuation law changes every fund & employer must prepare for

CRITICAL ATO · Treasury
📅 1 July 2026

Payday Super

Employers must pay Superannuation Guarantee contributions on the same day as wages — ending the current quarterly payment cycle. This is the most significant operational change to superannuation in decades and will affect every Australian employer and fund.

Payroll systems overhaul Clearing house capacity Cash flow planning Fund processing speed
Read ATO guidance →
CONFIRMED ATO · Legislation
📅 1 July 2025

Super Guarantee Rate Increases to 12%

The Superannuation Guarantee rate rises from 11.5% to 12% — the final step in the legislated increase schedule under the Superannuation Guarantee (Administration) Act 1992. This is the permanent rate and no further scheduled increases are planned.

All employers Payroll updates required Employee contributions rise
ATO SG rates →
CONFIRMED DSS · Treasury
📅 1 July 2025

Superannuation on Government Paid Parental Leave

Superannuation (at the 12% SG rate) will be paid on Commonwealth Paid Parental Leave payments for the first time — closing the retirement savings gap disproportionately affecting women who take parental leave.

New parents benefit Reduces gender super gap DSS administers payments
ATO — Super on PPL →
PROPOSED Treasury · Parliament
📅 Pending Legislation

Division 296 Tax — Balances Over $3 Million

A proposed additional 15% tax on earnings attributable to total superannuation balances exceeding $3 million. The measure has passed the House of Representatives and is before the Senate. Funds and members with large balances should seek financial advice now.

~80,000 members affected Unrealised gains included SMSF impact significant Senate approval pending
Treasury — Div 296 detail →
IN EFFECT APRA
📅 1 July 2025

APRA Prudential Standard CPS 230 — Operational Risk

All APRA-regulated superannuation funds must comply with CPS 230 Operational Risk Management — requiring documented business continuity plans, critical operations registers, and rigorous third-party service provider oversight.

All APRA-regulated funds Vendor risk management BCP testing required
APRA CPS 230 →
ANNUAL APRA · Your Future Your Super
📅 August each year

YFYS Annual Superannuation Performance Test

APRA publishes annual performance test results each August. Funds that fail two consecutive years must close to new members and notify existing members. The test benchmarks investment returns net of fees against a composite index.

MySuper products Trustee-directed products Member notification duty
APRA YFYS →
ONGOING APRA · SIS Act
📅 Ongoing — Active Monitoring

Retirement Income Covenant — Fund Strategy Obligations

All superannuation trustees must maintain and implement a retirement income strategy for their members. APRA is actively supervising compliance and expects funds to demonstrate how they are assisting members transition to and through retirement.

All RSE licensees Documented strategy required APRA supervision active
APRA — Retirement Income Covenant →

Official Resources

Australia's two most authoritative sources for superannuation law and guidance — open directly from here

🇦🇺 Australian Government
APRA

Prudential Handbook

handbook.apra.gov.au

The complete prudential framework for all APRA-regulated entities. Navigate every standard, guidance note, and reporting requirement — searchable and always up to date.

Browse by industry

Key standards

Open APRA Handbook
ATO

Australian Taxation Office

ato.gov.au

Australia's principal revenue collection agency. Your go-to source for employer super obligations, individual super guidance, SMSF rules, and Payday Super implementation.

Popular super topics

Contribution tools

Open ATO Super Hub
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MoneySmart ASIC's free super & retirement guidance
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APRA Statistics Fund-level performance & asset data
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YourSuper Comparison Tool ATO's official MySuper fund comparison
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Treasury — Super Policy Proposed laws & consultation papers