In The Know: The Payroll Change Every Employer Needs to Prepare for Before July 2026 - with Julie Schofield
MAY 20, 202622 MIN
In The Know: The Payroll Change Every Employer Needs to Prepare for Before July 2026 - with Julie Schofield
MAY 20, 202622 MIN
Description
In this episode of Humans of Agriculture, Oli Le Lievre sits down with Julie Schofield, Executive Business Unit Leader of Private Business Services at Boyce, to unpack one of the biggest changes coming for employers in more than 30 years: Payday Super.From 1 July 2026, businesses will be required to pay superannuation at the same time employees are paid, rather than monthly or quarterly. While it may sound like a simple administrative change, Julie explains why this shift will have major implications for cash flow, payroll systems, onboarding, and business operations across regional Australia.Julie shares her own journey from growing up in Boorowa to building a career with Boyce, one of Australia’s largest rural accounting firms, and reflects on the importance of mentorship, leadership, and supporting regional businesses through change.This conversation is practical, timely, and designed to help business owners, managers, and employers understand what Payday Super means and how to prepare before the legislation comes into effect.Key insights from the conversation:Payday super legislation coming in July 2026Impact on business cash flow and compliancePractical tips for businesses to prepare for new super payment rulesChapters:00:00 Introduction to the Episode and Main Topic01:07 Guest Introduction: Julie Schofield from Boyce02:16 Julie’s Background and Career Path04:00 Overview of Boyce and Its Regional Presence06:12 Leadership Approach and Mentorship08:17 Client Portfolio and Travel Routine10:11 What is Payday Super and Why Now11:48 Impacts of Payday Super on Employees and Employers12:52 Practical Tips for Businesses to Prepare13:55 Changes in Behaviour and Cash Flow Management15:39 Data Verification and Compliance Measures16:30 Penalties for Non-Compliance and Enforcement17:02 Handling Super Payments for Different Pay Periods18:03 Questions from the Audience and Surprising Insights19:18 Tools and Software for Compliance20:16 Closing Remarks and Future Outlook