🇦🇺Australia

Excessive Overtime from Unverified Attendance

1 verified sources

Definition

Without GPS, firms pay for claimed hours that may include travel or off-site time, inflating payroll costs. GPS confirms actual on-site work, protecting against false claims.

Key Findings

  • Financial Impact: AUD 20-50 per unverified shift x 100 shifts/month = AUD 24,000-60,000/year per team
  • Frequency: Per payroll cycle
  • Root Cause: Lack of real-time GPS proof for attendance verification

Why This Matters

The Pitch: Security guards firms in Australia 🇦🇺 waste AUD 50,000+ annually on unverified overtime. Automation of GPS verification eliminates this risk.

Affected Stakeholders

Payroll Managers, Operations Directors

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

Fraudulent Timesheet Claims

5-10% of AUD 80,000 annual guard payroll = AUD 4,000-8,000 per guard

STP Phase 2 Non-Compliance from Inaccurate Payroll Data

AUD 222 per failure + 20% shortfall interest; AUD 5,000+ for repeat failures

Delayed Client Invoicing from Missing Proof

60+ AR days x AUD 5,000 monthly invoices = AUD 10,000+ tied capital

Vicarious Liability Claims

AUD 20,000-100,000 per incident claim (typical personal injury from guard negligence)

Bank Reconciliation Non-Compliance Fines

AUD 2,220 per ATO lodgement failure; AUD 313/day late penalties

Nicht abgerechnete „Ghosting“-Leistungen im Objektschutz

Quantified (LOGIC): 3–8 % des Jahresumsatzes pro Objektvertrag. Beispiel: Bei einem typischen Objektvertrag über 500.000 AUD/Jahr entspricht dies 15.000–40.000 AUD p.a. an überzahlten, nicht erbrachten oder untererfüllten Leistungen.

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