🇦🇺Australia

Superannuation Guarantee Shortfall Fines

2 verified sources

Definition

Onboarding requires collecting super fund details (employee choice or stapled) promptly; failure leads to mandatory SG payments plus interest.

Key Findings

  • Financial Impact: AUD 200 super/month per employee + 200% SG Charge on shortfall
  • Frequency: Per delayed super contribution (monthly quarters)
  • Root Cause: Manual collection of super fund details pre-Day 1 without checklists

Why This Matters

The Pitch: HR firms in Australia 🇦🇺 incur AUD 1,000+ SG Charges per late employee. Automation of super setup during onboarding prevents shortfalls.

Affected Stakeholders

Payroll Teams, HR Coordinators

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.

Evidence Sources:

Related Business Risks

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