Excited to have been involved with the panel discussion on Payday Super at the 'Future Fund Admin 2025' event in Sydney.
Panel members, Jason Hunt (Executive Director, Industry and Innovation at ANZ), Adam Gee (Chief Strategy Officer, GROW Inc) and Brett Christie (Managing Director, Oban Pty Ltd) explored the challenges facing payroll providers and super funds alike.
The discussion covered the innovative approaches that can be exploited to address these challenges. It is very apparent that the NPP is only part of the solution. A more holistic approach is required. Critical to meeting the Payday super timeframe is the reporting of errors to employers in real-time, thereby allowing immediate data correction and resubmission. Further, super funds need pre-reconciled payments and pre-validated data prior to receiving SG contributions, ensuring they can perform the member allocation process error-free.