Rest, one of Australia’s largest profit-to-member superannuation funds, says the introduction of the Payday Super legislation into Parliament is a major step towards fairer super for Australian workers, particularly those in part-time and casual roles.
Rest’s Chief Strategy Officer Tyrone O’Neill says Payday Super is expected to support fairer and more equitable retirement outcomes for countless Rest members, especially younger members and those who don’t work full time.
"Aligning Superannuation Guarantee payments with payroll cycles will help unlock the power of compounding returns on more frequent contributions and support many of our more than 2 million members to achieve their best-possible retirement," Mr O’Neill says.
"This reform will also make it easier for members to track their contributions, which is particularly important for those whose working hours vary week to week.
"We congratulate the Government on introducing this important reform. We urge Parliament to pass this legislation as soon as possible so our members, and all working Australians, can benefit."
Rest looks forward to continuing its work with Government and industry to support the successful implementation of Payday Super.
About Rest
Established in 1988, Rest is one of Australia’s largest profit-to-member superannuation funds, with more than 2 million members and around $100 billion in funds under management as at 31 July 2025.
For more information, please visit our media centre or contact:
Michael Mills
Senior Manager, Communications – Media Relations
michael.mills@rest.com.au
m: 0428 499 722
Emma Kerswell
Senior Manager, Communications - Consumer & Content
emma.kerswell@rest.com.au
m: 0411 794 206
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