By Chris Jewell (pictured), President & Co-Founder, Zepto

Zepto welcomes the government’s Payday Super policy passing legislation. This is an important reform that will transform how Australia pays superannuation; linking contributions to each pay cycle means money hits employees’ accounts sooner, compounds for longer and reduces unpaid super.

But to deliver those benefits at scale, implementation must be practical and sequenced across all participants in the super contribution supply chain: the ATO, funds, gateways and payroll providers. Data quality and validation will also be critical to the success of Payday Super: government needs to invest in upfront data services that support employers to get it right the first time. That means providing employers access to accurate and up to date information that will enable super contributions to be processed the first time and every time.

Encouragingly, Zepto’s first real-time superannuation payment was successfully processed in 2023 — proving the capability already exists when innovation and regulation align. The focus now must be on scaling that capability safely, reliably and inclusively so every employer and employee benefits. Zepto stands ready to work with payroll and super providers to turn Payday Super from compliance pressure into better payment experiences for every Australian business.”