CFS expands payroll ties ahead of super reforms

Binaya Dahal

Journalist

26 May 2026

Colonial First State has tightened its links with major payroll and HR software providers, embedding its FirstChoice Employer Super platform directly into workplace systems as the country’s $4.1 trillion superannuation sector braces for one of the biggest compliance changes in decades.

The superannuation fund said the integration, which includes platforms such as MYOB, Employment Hero and Reckon, allows employers to automate super payments, calculations and reporting within payroll systems, while giving employees clear super information and choice during onboarding.

The push comes weeks ahead of the rollout of Payday Super, a revamp that will require employers to pay superannuation at the same time as wages, replacing the current quarterly payment cycle. It also coincides with the scheduled closure of the Australian Taxation Office’s Small Business Superannuation Clearing House on June 30.

Government has said the change will boost retirement savings through improved compounding returns and strengthen compliance by enabling the Australian Taxation Office to identify dodgy employers more quickly. But businesses are concerned the shift could remove a key liquidity buffer.

CFS chief executive of superannuation and investments Kelly Power said the group has increased investment in technology and partnerships to help employers manage the transition.

“Our investment in partnerships, technology and investment capability reflects our long-term commitment to employers, by helping businesses offer super solutions that are built for simplicity and member outcomes,” she said.

The fund is also preparing to relaunch its Essential Super product for Commonwealth Bank business banking customers from June 22, bundling in a clearing house capability that enables employers to distribute contributions to multiple super funds through a single transaction.

Commonwealth Bank executive general manager for small business banking Rebecca Warren said the product would help take the heavy lifting out of super payments for small businesses. “The Payday Super changes will be significant for many small businesses, and preparation is key.”