🇦🇺Australia

Superannuation Guarantee Shortfalls

1 verified sources

Definition

Technicians inflate/deflate hours or fail to record overtime, leading to super underpayments. ATO recoveries include 200% SG Charge.

Key Findings

  • Financial Impact: 200% SG Charge (AUD 23% of shortfall) + interest + AUD 20/hr reconciliation time
  • Frequency: Annual ATO audit cycle
  • Root Cause: No real-time supervisor approval of field hours

Why This Matters

Field service teams create AUD 10,000+ annual super liabilities from time errors. Automated tracking prevents underpayment risks entirely.

Affected Stakeholders

Payroll, Field Supervisors, Finance Directors

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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

STP Phase 2 Non-Compliance Penalties

AUD 330 per failure to lodge + 20% shortfall charge on super guarantee + AUD 20-40 hours/month manual reconciliation

Fair Work Record-Keeping Fines

AUD 63,000 max penalty per serious breach + AUD 16,500 per employee + backpay claims

Unbilled Field Service Hours

2-5% service revenue leakage (industry avg) + 30-60 days delayed payment on disputed invoices

Cost of Poor Quality

AUD 20,000-100,000/year in reduced scrap costs via automation (industry benchmarks for manufacturing defects)

Capacity Loss

AUD 50,000-200,000/year in lost throughput (labour and equipment idle time)

Cost Overrun

AUD 40 hours/month overtime at AUD 50/hr = AUD 24,000/year

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