🇦🇺Australia
Superannuation Guarantee Shortfall Charge
2 verified sources
Definition
Installers in flat-pack services are often casual workers; delayed invoicing from jobs leads to missed SG deadlines.
Key Findings
- Financial Impact: 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
- Frequency: Monthly for quarterly super funds
- Root Cause: Field services delay invoice verification and payment processing
Why This Matters
The Pitch: Furniture assembly firms in Australia 🇦🇺 lose AUD 200-2,000 per late payment on SG Charge. Automated payroll remittance prevents this.
Affected Stakeholders
Owners, Accounts Payable
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.
Related Business Risks
Fair Work Act Penalty Units
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
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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