14/03/2026
๐ข ATTENTION XERO USERS: Big Super Changes are coming! ๐ฃ
It might feel a long way off, but 1 July 2026 marks one of the biggest shifts in Australian payroll: Payday Super.
At Elite Bookkeeping Solutions, we want to make sure you arenโt caught off guard. Here is what you need to know right now:
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The Timing: No more quarterly payments. From July 2026, super must be paid at the same time as wages and reach the fund within 7 business days. ๐๏ธ๐ธ
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The Terminology: We are moving away from Ordinary Time Earnings (OTE). Xero is currently rolling out updates to transition everyone to Qualifying Earnings (QE), a new, broader base for calculating super. โ๏ธ๐ป
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The Cash Flow: Super will now leave your bank account every payday. Whether you pay weekly, fortnightly, or monthly, you need to review your cash flow planning now to handle these more frequent payments. ๐๐ฐ
Xero is on the case! ๐ ๏ธ They are already rolling out the "QE" infrastructure. We are monitoring these updates closely and will keep you posted on exactly how and when to update your pay items. ๐
Don't wait until the deadline to scramble. Letโs start looking at your cash flow buffers now! ๐คโจ