To address the ongoing issue of unpaid super, the Government has announced that from 1 July 2026, employers will be required to pay their employees’ super at the same time as their wages.
Cbus Super, a long-time advocate for payday super, has welcomed the announcement as an important step to make sure contributions are in members’ accounts and put to work securing their retirement.
The Fund has long recognised the issue of unpaid super and is a market leader in proactively recovering unpaid super for our members, which new research shows are the most likely to experience unpaid super.
The research by the Super Members Council (SMC) shows that 41% of labourers are impacted by unpaid super, followed by machinery operators and drivers at 36% and technicians and trade workers at 31%*.
Cbus Deputy CEO and Chief Member Officer Marianne Walker said that over the past financial year Cbus had recovered $198.2 million for members across the country, “The recovered money would collectively be worth billions for members in retirement down the track as it restores that crucial part of saving for retirement – the compounding financial effect over time. That extra money can transform retirements after a life of hard work.”
Learn why Cbus takes unpaid super seriously here.
* Super Members Council, Fixing unpaid super: Making super fairer for workers and employers alike, August 2024, https://smcaustralia.com/app/uploads/2024/08/Fixing-unpaid-super-SMC-Report-August-2024.pdf
This information is about Cbus Super. It doesn’t account for your specific needs. Please consider your financial position, objectives and requirements before making financial decisions. Read the relevant Product Disclosure Statement (PDS) and Target Market Determination to decide if Cbus Super is right for you. Call 1300 361 784 or visit cbussuper.com.au
United Super Pty Ltd ABN 46 006 261 623 AFSL 233792 as Trustee for the Construction and Building Unions Superannuation Fund ABN 75 493 363 262 (Cbus and/or Cbus Super)