With the Payday Superannuation Invoice clearing the Home of Representatives, companies are one step nearer to a landmark change in how superannuation is paid, and three Australian know-how leaders are mobilising at tempo.
To organize for the shift, employment administration platform Employment Hero has partnered with account-to-account funds supplier Zepto, and superannuation messaging supplier OZEDI, to construct a first-of-its-kind answer to guard companies from the danger of admin and penalties, forward of the reform.
The partnership marks a serious milestone in Employment Hero’s new embedded tremendous clearing software, HeroClear, set to launch in Q1 2026 forward of the reform. The software removes the guide steps and delays that presently sit between payroll and tremendous funds, and provides employers a transparent proof-of-payment path inside the seven-day window.
HeroClear will use OZEDI’s SuperStream connection to confirm fund particulars earlier than fee, and Zepto’s real-time funds functionality – leveraging Australia’s New Funds Platform (NPP) quick funds infrastructure – to maneuver contributions immediately. These capabilities will sit inside Employment Hero’s payroll system, so employers wouldn’t have to make use of separate clearing homes or banking portals. At present, current financial institution transfers can take as much as three enterprise days, creating silent delays and error loops that put employers in danger underneath the seven-day rule.
With out this automation and stay standing, many employers gained’t know they’ve fallen foul of the foundations till it’s too late, exposing them to vital penalties, together with the 60% ‘administrative uplift’, whereas funds face no equal statutory obligation to satisfy the identical timing customary.
Employment Hero CEO Ben Thompson stated the partnership will scale back the dangers small companies face as a result of the Invoice assumes good execution by each small enterprise on day one, whereas components of the ecosystem are nonetheless in transition.
“Proper now, the Invoice expects SMBs to Payday Tremendous proper on day one, even whereas components of the system that employers depend on are nonetheless being upgraded. On the identical time, a whole bunch of hundreds of SMBs might want to transfer off the ATO’s Small Enterprise Superannuation Clearing Home (SBSCH), set to shut 1 July 2026. That’s a giant ask, particularly when you think about the 60% improve in admin overheads and $124,000 cashflow affect the common SMB will face on day one,” Thompson stated.
“We proceed to advocate for a brief phase-in for SMBs and legislated obligations on different {industry} events like funds and gateways, however we’re additionally constructing the options to make compliance sensible even earlier than the 1 July deadline. We’re proud to accomplice with like-minded innovators, Zepto and OZEDI, in our transfer to embed tremendous clearing immediately into Employment Hero Payroll. By validating fund particulars up-front, shifting cash in real-time, and offering stay confirmations and a single audit path, SMBs will see fewer errors, quicker settlement and clear proof of motion to satisfy new necessities. Which means higher outcomes for enterprise and workers alike,” Thompson concluded.
“Employment Hero is displaying what’s doable underneath the brand new Payday Tremendous framework, taking a proactive, technology-first strategy that provides Australian companies confidence to satisfy these new expectations,” stated Chris Jewell (pictured), President and Co-Founder at Zepto.
“At Zepto, we’re enthusiastic about enabling dynamic, data-rich fee flows that transfer past the constraints of conventional banking programs. After processing Australia’s first real-time tremendous fee with OZEDI in 2023, we’re proud to increase that innovation by this partnership with Employment Hero. By embedding Zepto’s real-time fee options inside HeroClear, Employment Hero is main the way in which for Australian companies — unlocking automation, transparency and immediate settlement that make compliance quicker, less complicated and extra dependable.”
David Discipline, Director at OZEDI, stated, “OZEDI has been within the enterprise of dealing with giant volumes of superannuation contribution information since 2013. The industry-wide course of has remained largely unchanged for greater than a decade however know-how, such because the NPP and our new information and payee verification providers creates a complete new expertise for employers. The mixing of OZEDI’s providers with Employment Hero’s superior know-how and imaginative and prescient plus Zepto’s NPP fee providers has created a benchmark for the {industry}.”
As an alternative of separate programs, clearing homes, fee portals and guide uploads that accumulate prices and admin, HeroClear would be the solely end-to-end, automated workflow inside payroll, monitoring every step from fee to settlement, any errors of refunds and validation all inside the one platform.
The partnership helps the core coverage aim of Payday Tremendous – enhancing retirement outcomes for Australians – whereas serving to guarantee companies can meet the brand new necessities from day one.
