🇦🇺Australia

Non-Deductible Super Contributions

1 verified sources

Definition

Arts employers paying union-defined or mandatory super late forfeit tax deductions, turning a deductible expense into a higher net cost amid tight budgets.

Key Findings

  • Financial Impact: Loss of tax deduction (e.g., 30% corporate rate = AUD 360 extra cost on AUD 1,200 late super payment)
  • Frequency: Per late quarterly payment
  • Root Cause: Manual payroll processes delaying super lodgement past deadlines

Why This Matters

The Pitch: Performing Arts businesses in Australia 🇦🇺 lose tax deductions worth 30%+ of super value (e.g., AUD 360 on AUD 1,200 payment) due to late processing. Automation recovers full deductibility.

Affected Stakeholders

Finance managers, Arts producers, Sole trader artists

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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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