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AAP
AAP
Business
Adrian Black

Small business, payments system brace for payday super

Business owner Rachel Power pays super weekly but says some operators aren't ready to do the same. (PR IMAGE PHOTO)

Superannuation is set for its most significant change in decades but a week ahead of implementation, many businesses - and potentially the clearance system itself - aren't ready.

From July 1, employee superannuation contributions must land in members' accounts within seven days of payday instead of every quarter.

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