Aug 24, 2026 · 19 min · 11 segments
What happens when the cheapest line of credit in your business suddenly disappears? You find out exactly how healthy your cash flow really is. Payday Super has changed the rules, but the bigger issue…
The clearest explanation of what payday super, which was introduced on the 1st of July this year, has changed.
Not the compliance checklist because you always had that and not the need to actually pay your staff super because you always had that too.
But what it exposed and what to do about it when the usual answer isn't available anymore.
Unpaid super was the cheapest line of credit that has existed in this country for quite some time.
No application, no covenant, no security over the house, and no bank manager asking what the money's for.
And realistically, at least until recently, nobody chasing you until that quarter closed, and often then some.
It's an unsecured overdraft that you approve yourself at a rate of roughly zero with a repayment date that you choose.
Now, every business owner listening to this will know at least one business that used it, maybe inappropriately.
The net superannuation guarantee gap, the money that should have been going into people's accounts and didn't, is $6.25 billion a year in Australia.
9.3% of Australia's 942,500 employers are carrying a superannuation guarantee charge debt right now.
Of all of those employers carrying the debt, only 7,600 of those have a payment plan.
The others are quietly burying their head in the sand and hoping they won't get caught, or digging to their own pockets to dig them out of travel.
So we're not necessarily talking about businesses that got into trouble and put their hand up and worked out an arrangement.
The clearest explanation of what payday super, which was introduced on the 1st of July this year, has changed.
Not the compliance checklist because you always had that and not the need to actually pay your staff super because you always had that too.
But what it exposed and what to do about it when the usual answer isn't available anymore.
Unpaid super was the cheapest line of credit that has existed in this country for quite some time.
No application, no covenant, no security over the house, and no bank manager asking what the money's for.
And realistically, at least until recently, nobody chasing you until that quarter closed, and often then some.
It's an unsecured overdraft that you approve yourself at a rate of roughly zero with a repayment date that you choose.
Now, every business owner listening to this will know at least one business that used it, maybe inappropriately.
The net superannuation guarantee gap, the money that should have been going into people's accounts and didn't, is $6.25 billion a year in Australia.
9.3% of Australia's 942,500 employers are carrying a superannuation guarantee charge debt right now.
Of all of those employers carrying the debt, only 7,600 of those have a payment plan.
The others are quietly burying their head in the sand and hoping they won't get caught, or digging to their own pockets to dig them out of travel.
So we're not necessarily talking about businesses that got into trouble and put their hand up and worked out an arrangement.
The rest of this transcript — segmented and speaker-labeled, so you land on the exact moment something was said
Search every transcript — by keyword, by phrase, or by meaning, across every show Radar indexes
Trends — what is surging across podcasts, measured against its own baseline
Alerts — when a name you follow appears in a newly indexed episode
No account is needed to search Radar.
