We operate in Australia and Malaysia. We pay in both locations as a monthly pay (yearly divided by 12). We also pay a mid monthly advance on end month salary 50%. We have been paying Australian Superannuation / Malaysian Employee Provident Fund monthly for the past 3 years without incident. Can we continue with this existing process? We understand the software will change from the Australian super clearing house
G'day @Bruceblannin 👋
For your Australian payrolls, specifically your regular monthly payroll, you need to pay your super contributions within 7 business days from payday, unless an extended due date applies, as per the ATO Payday Super guidance.
I'm not quite sure what you mean when you say you also pay a mid-month advance on EOM salary of 50%? Does that just mean you pay calendar monthly where the payday is middle of the month, so some in arrears and some in advance? That's a typical monthly pay cycle.
Deanne
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