Payroll software · Australia · Head-to-head

KeyPay (Employment Hero Payroll) vs MYOB

Two Australia payroll software options, compared side by side for Australia trades.

Which should you choose?

KeyPay (Employment Hero Payroll) edges ahead on our Australia tiering (Tier S vs A), but both are workable — the right pick depends on your trade, region, and the Australia-specific notes below.

KeyPay (Employment Hero Payroll)

Tier S · Recommended

AU payroll with award-interpretation engine — handles Fair Work penalty rates automatically

KeyPay (now Employment Hero Payroll) is AU's leading award-interpretation payroll. Handles complex AU Fair Work award penalty rates, allowances, and overtime calculations automatically — a structural moat in the AU market where awards are notoriously complex. Powers Employment Hero's broader HR+payroll platform.

Pros

+ Best AU award-interpretation engine in the market
+ Handles Fair Work complexity automatically
+ Powers Employment Hero's broader HR/payroll platform
+ Cross-market (AU/NZ/UK/SG)

Cons

− Pricing higher than simpler payroll alternatives
− Best fit for businesses with award-complexity needs
− Employment Hero bundle can be overkill for pure payroll

Australia note

Award interpretation is the structural moat. AU Fair Work awards have 100+ different penalty/allowance rules — KeyPay automates what would otherwise be manual calculation.

Typical Australia pricing: AU$4-$8/employee/month (KeyPay tier)

Full review → Visit →

MYOB

Tier A · Workable

AU/NZ heritage payroll + accounting brand — tight bundle, STP Phase 2 native

MYOB is AU/NZ's heritage accounting + payroll brand — competes with Xero in the local market. Strongest fit for AU trades businesses already on MYOB accounting. STP Phase 2 native, AU award interpretation, full ATO compliance.

Pros

+ AU/NZ heritage brand with deep local compliance
+ Tight bundle with MYOB accounting
+ STP Phase 2 + ATO compliance native
+ Mature AU award interpretation

Cons

− UX dated vs modern Xero
− Best value if already on MYOB accounting
− Less cross-market relevance

Australia note

STP (Single Touch Payroll) Phase 2 is mandatory for AU employers — MYOB handles natively. AU award interpretation (Fair Work penalty rates, allowances) supported.

Typical Australia pricing: AU$15-$60/month payroll module

Full review → Visit →

More Australia options

See all Australia payroll software vendors and the rest of the Australia directory.

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