🇦🇺Australia

Fair Work Act Penalty Units

2 verified sources

Definition

Furniture assembly services employ handymen and installers subject to awards under Fair Work. Non-compliance with STP Phase 2 or superannuation deadlines triggers penalties.

Key Findings

  • Financial Impact: AUD 66,600 per serious contravention (630 penalty units at AUD 105.83/unit from July 2024); typical SME fine AUD 10,000-50,000
  • Frequency: Per violation, quarterly BAS/STP lodgements
  • Root Cause: Manual tracking of installer hours and payments in field-based services

Why This Matters

The Pitch: Retail furniture players in Australia 🇦🇺 waste AUD 10,000+ annually on Fair Work penalties. Automation of STP Phase 2 payroll eliminates this risk.

Affected Stakeholders

Business Owners, Payroll Managers, Installers

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

Superannuation Guarantee Shortfall Charge

SG Charge: Base amount unpaid + interest + admin fee (AUD 20 min); e.g., AUD 1,150 SG on AUD 10,000 wages incurs AUD 200+ extra

ACCC Consumer Guarantee Refunds

AUD 500-2,000 per claim (refund + labour); industry 2-5% service revenue in rework costs

WorkCover Premium Under-Declaration

AUD 1.85-5% of wages as premium (VIC/NSW avg); audit recovery +20-50% uplift

GST/BAS Lodgement Delays

60-90 AR days industry avg; 1-2% revenue as opportunity cost (10% p.a. cost of capital)

Bußgelder wegen Verstoß gegen australisches Verbraucherkreditrecht (NCCP/ASIC)

Logic‑based estimate: expected compliance risk cost of ~AUD 80,000–190,000 per year per mid‑size retailer, based on a likely ASIC‑style enforcement event of AUD 400,000–950,000 (penalty, remediation, and professional fees) every 5 years linked to non‑compliant consumer finance application processes.

Cost of Poor Quality

Quantified: AUD 5,000-20,000 per rework incident (industry standard 2-5% of order value for custom pieces averaging AUD 10,000)

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