APRA and ATO Letter on Payday Super Readiness

APRA News & Publications

Published March 25th, 2026

Detected March 25th, 2026

Summary

APRA and the ATO have issued a joint letter to RSE licensees regarding the commencement of Payday Super on July 1, 2026. The letter outlines the regulatory roles, relevant standards, and next steps to ensure RSE licensee readiness for the new superannuation contribution system.

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What changed

The Australian Prudential Regulation Authority (APRA) and the Australian Taxation Office (ATO) have jointly issued a letter to Registered Superannuation Entity (RSE) licensees concerning the upcoming implementation of 'Payday Super' on July 1, 2026. This communication details the respective responsibilities of the ATO and APRA in this transition, outlines the regulatory framework and standards that will support the new system, and provides guidance on the next steps RSE licensees should take to prepare for readiness by the July 1, 2026 deadline.

Regulated entities, specifically RSE licensees, must review this letter to understand their obligations and prepare for the Payday Super commencement. While the letter itself is a form of guidance, it signifies a substantive change in superannuation contribution processes. Compliance officers should ensure their organizations are aligned with the outlined roles, regulations, and standards to meet the implementation readiness requirements by the specified date. Failure to prepare adequately could lead to non-compliance with the new Payday Super regulations.

What to do next

Review the joint APRA/ATO letter on Payday Super readiness.
Ensure RSE licensee operations are aligned with outlined regulations and standards.
Prepare for Payday Super implementation by the July 1, 2026 deadline.

Source document (simplified)

Media Releases

Payday Super Readiness

Wednesday 25 March 2026

Print Email The Australian Prudential Regulation Authority (APRA) and the Australian Taxation Office (ATO) have today issued a letter to 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.

The letter is available at: Payday Super Readiness

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The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, mutuals, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding $9.8 trillion in assets for Australian depositors, policyholders and superannuation fund members.