🇦🇺Australia

Superannuation Guarantee Shortfalls

2 verified sources

Definition

Even for contractors deemed employees for super purposes, failure to pay SG leads to penalties including the full super amount plus interest and additional fines up to twice the charge.[3][8]

Key Findings

  • Financial Impact: Superannuation amount + interest + up to 2x SG Charge; individual fines AUD 16,500.[3]
  • Frequency: Quarterly per affected contractor
  • Root Cause: Manual payment processes failing to identify super-eligible contractors

Why This Matters

The Pitch: Training providers in Australia face AUD 16,500+ individual fines and double super charges per missed payment. Automated SG compliance tracking prevents these losses.

Affected Stakeholders

Payroll officers, Business owners

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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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