🇦🇺Australia

Superannuation Guarantee Shortfalls

1 verified sources

Definition

Poor labor time tracking in reupholstery jobs results in underpaid superannuation, attracting SG Charge plus interest.

Key Findings

  • Financial Impact: SG Charge = Super shortfall x 200% + interest (typical AUD 200/employee/quarter)
  • Frequency: Quarterly per affected employee
  • Root Cause: Manual time tracking misses billable hours for super calculations

Why This Matters

The Pitch: Furniture repair businesses in Australia 🇦🇺 face AUD 200+ SG Charge per employee quarterly. Automation of time tracking prevents shortfalls.

Affected Stakeholders

Business Owners, Accountants

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
Get Solutions Report

Methodology & Sources

Data collected via OSINT from regulatory filings, industry audits, and verified case studies.

Evidence Sources:

Related Business Risks

STP Non-Compliance Penalties

AUD 330 per failure-to-report instance (unit penalty x6 for quarterly cycle)

PAYG Withholding Errors

AUD 1,100 max penalty per incorrect statement + interest

Manual Time Tracking Overhead

20-40 hours/month at AUD 50/hr = AUD 12,000-24,000/year

Lost Sales from Delayed Documentation

AUD 1,000 - 3,000 revenue per lost client (avg antique reupholstery job)

Rework from Valuation Disputes

AUD 40-80 hours per disputed valuation at AUD 50/hour labour = AUD 2,000 - 4,000 rework cost

Undetected Supplier Overcharges

10-50 AUD per invoice × 100-1,000 invoices/month = 1,000-50,000 AUD/month material impact (conservative estimate based on typical SME supplier volume)

Request Deep Analysis

🇦🇺 Be first to access this market's intelligence