🇦🇺Australia
Timesheet fraud and buddy punching
2 verified sources
Definition
Event staff exploit manual processes for inflated hours, causing direct payroll leakage.
Key Findings
- Financial Impact: 2-5% of payroll (AUD 10,000+ for avg. caterer)
- Frequency: Ongoing per pay period
- Root Cause: No real-time attendance verification
Why This Matters
The Pitch: Caterers lose AUD 5,000-15,000/year to labor fraud in manual systems. Automation with geofencing and photo verification stops this.
Affected Stakeholders
Event Supervisors, Payroll
Deep Analysis (Premium)
Financial Impact
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Current Workarounds
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Methodology & Sources
Data collected via OSINT from regulatory filings, industry audits, and verified case studies.
Related Business Risks
Payroll tax threshold breaches
5.45% avg. rate on wages > AUD 1.2-1.5M threshold
Excessive overtime from poor scheduling
AUD 5,000 - 20,000/year in overtime per small caterer (industry avg. 10-15% labor cost overrun)
STP Phase 2 non-compliance fines
AUD 222 per STP failure + AUD 1,100 max unit penalty; typical AUD 2,000-5,000/year for SMEs
Superannuation guarantee shortfalls
SG Charge = underpayment + 200% interest; typical AUD 1,000-10,000 per breach
Cash Handling Theft Risks
AUD 500-2,000/year shrinkage per venue from cash losses/errors
High Payment Processing Fees
2-5% per transaction on credit/ewallet fees vs. <1% bank debits
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