As an employer, it's important to check your clearing house processing times to help ensure you meet your super guarantee (SG) payment due dates. Processing times vary, and some clearing houses can take up to 10 days to process payments.
The super contributions you make for your employees are only considered ‘paid’ when the super fund receives them, not when your clearing house receives them.
If the super fund receives your payment after the due date, you’ll need to lodge a super guarantee charge (SGC) statement and pay the SGC or penalties may apply.
Find out more information on super payment due dates.
Remember, your tax professional can help you with your tax and super obligations.