🇦🇺Australia
Superannuation Reporting Delays
1 verified sources
Definition
Data retention failures in compliance audits lead to superannuation compliance penalties.
Key Findings
- Financial Impact: 200% SG Charge on shortfalls (e.g., AUD 23,000 on AUD 11,500 shortfall)
- Frequency: Quarterly super payments
- Root Cause: Inaccurate historical data retention in IT systems
Why This Matters
The Pitch: Australian IT firms lose AUD 200 per employee quarterly to SG shortfalls from data issues. Automation prevents this.
Affected Stakeholders
Payroll Manager
Deep Analysis (Premium)
Financial Impact
Financial data and detailed analysis available with full access. Unlock to see exact figures, evidence sources, and actionable insights.
Unlock to reveal
Current Workarounds
Financial data and detailed analysis available with full access. Unlock to see exact figures, evidence sources, and actionable insights.
Unlock to reveal
Get Solutions for This Problem
Full report with actionable solutions
$99$39
- Solutions for this specific pain
- Solutions for all 15 industry pains
- Where to find first clients
- Pricing & launch costs
Methodology & Sources
Data collected via OSINT from regulatory filings, industry audits, and verified case studies.
Evidence Sources:
Related Business Risks
Fair Work Audit Fines
AUD 66,600 per serious underpayment breach; AUD 16,500 per record
ATO Compliance Penalties
AUD 1,110+ per BAS failure; up to AUD 20,000 for repeated STP non-compliance
IT Audit Remediation Costs
AUD 10,000-50,000 per full IT audit remediation
Data Breach Reporting Fines
AUD 500,000+ per breach, up to AUD 2.5 million max per serious contravention (logic: Privacy Act penalties)
Backup Failure Downtime Costs
AUD 898 million market-wide in 2024 for disaster restoration[2]
DRaaS Market Gap Losses
AUD 250.27 million DRaaS revenue potential in 2025[8]
Request Deep Analysis
🇦🇺 Be first to access this market's intelligence