Retirement
Rest launches Rest Pay to streamline superannuation payments and boost member outcomes
Retirement
Rest launches Rest Pay to streamline superannuation payments and boost member outcomes
In a significant move aimed at enhancing compliance with upcoming superannuation regulations, Rest, one of Australia’s largest profit-to-member superannuation funds, has unveiled an innovative clearing house solution known as Rest Pay. This new platform is designed to assist businesses in meeting the forthcoming Payday Super obligations, ultimately supporting improved financial outcomes for its more than two million members.
Rest launches Rest Pay to streamline superannuation payments and boost member outcomes
In a significant move aimed at enhancing compliance with upcoming superannuation regulations, Rest, one of Australia’s largest profit-to-member superannuation funds, has unveiled an innovative clearing house solution known as Rest Pay. This new platform is designed to assist businesses in meeting the forthcoming Payday Super obligations, ultimately supporting improved financial outcomes for its more than two million members.
The Rest Pay solution is specifically tailored for the upcoming Payday Super requirements, which will mandate that employers pay their employees' superannuation contributions concurrently with their wages for each pay cycle. This change is set to take effect from 1 July 2026, as part of reforms announced in the Federal Budget in May 2023 and passed by Federal Parliament in November 2025.
Simone Van Veen, Rest’s Chief Member Officer, emphasised the transformative potential of the new platform. "Rest Pay aims to take the hassle out of making super payments. It’s easy to use, built with market-leading security, and helps employers meet upcoming Payday Super requirements without extra stress," she explained. Van Veen highlighted that the platform is designed to ensure that businesses can pay super accurately and on time, thus maintaining compliance while providing members with confidence that their super contributions will reach their accounts as scheduled.
The introduction of Rest Pay is expected to facilitate faster growth of super balances for members by unlocking the power of compounding returns through more frequent contributions. "It supports businesses to pay super accurately and on time so they stay compliant, while giving members confidence that their super is on track to reach their account when it should," Van Veen added.
Rest Pay's features are tailored to simplify superannuation contributions for employers of all sizes. The platform reduces errors, streamlines refund processing, and offers automated reminders alongside round-the-clock support to help employers stay on track. Moreover, planned payroll integration is set to further enhance efficiency. "Rest Pay is a key part of Rest’s commitment to simplifying super administration for business, while supporting retirement outcomes for our members," Van Veen noted.
The rollout of Rest Pay is currently underway, targeting employers who already use Rest’s administrator’s existing clearing house. The service is available at no cost for Rest default employers. By early next year, Rest plans to extend access to more than 300,000 other employers who pay super to a Rest member, with new employers being able to register their interest via the Rest website.
The development of Rest Pay was a collaborative effort over the past 18 months, involving Rest’s administrator MUFG Retirement Solutions and tech company Wrkr. The platform was shaped by direct feedback from employers, ensuring that its features meet the practical needs of businesses. A successful pilot program demonstrated that employers valued the platform’s intuitive interface and usability, reinforcing Rest's decision to proceed with the broader rollout.
The upcoming Payday Super requirements represent a significant shift in how superannuation contributions are managed in Australia. Currently, employers are required to pay Superannuation Guarantee contributions quarterly. The new regulations will necessitate more frequent payments, aligning super contributions with the regular pay cycle of employees. This change aims to improve the financial security of employees by ensuring more timely contributions to their superannuation funds.
As the implementation date for the new requirements approaches, Rest Pay is poised to play a crucial role in helping businesses navigate the transition. By offering a streamlined and secure solution, Rest is not only aiding compliance but also enhancing the retirement prospects of its members through more effective superannuation management.
For employers and members alike, Rest Pay represents a significant advancement in the administration of superannuation, reflecting Rest's ongoing commitment to innovation and member-focused solutions.
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