If you're using Beam to automate super payments, your super batch will need to be successfully uploaded and paid by 5:30PM (AEST) on Wednesday 21 June, 2023.
This deadline should give your debited payment adequate time to be processed and cleared (allowing at least 5 business days for Direct Debit and 3 business days for EFT and BPAY) before the 2022-2023 financial year cut-off being 30 June 2023. If super contributions aren't cleared before the cut-off, they will be included in the 2023-24 financial year.
If you have pay runs that are scheduled for payment between 21 and 30 June, you can create these pay runs in advance, on or before 21 June, finalise them, and then create your super batch for the period up to 30 June so you can pay the super but not actually pay your employees until the scheduled pay date of the pay run.
The final government deadline for all super contribution payments for 2022-23 is Wednesday, 28 July 2023. Super contributions must be received by the funds on or before this date to be tax-deductible.
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