Fair Work Underpayment Fines
Definition
Inaccurate overtime authorization leads to STP reporting failures and underpayment claims, triggering ATO and Fair Work investigations.
Key Findings
- Financial Impact: AUD 66,600 per serious underpayment contravention; AUD 16,500 per record-keeping failure
- Frequency: Per audit or employee claim
- Root Cause: Manual time tracking without real-time validation against authorized hours
Why This Matters
The Pitch: Security guards firms in Australia 🇦🇺 face AUD 100,000+ fines yearly from payroll errors. Automation of labor tracking prevents violations.
Affected Stakeholders
HR managers, Compliance officers, Business owners
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
Excessive Overtime Penalties
Superannuation Guarantee Shortfalls
Vicarious Liability Claims
Bank Reconciliation Non-Compliance Fines
Nicht abgerechnete „Ghosting“-Leistungen im Objektschutz
Guard Downtime from Licence Lapses
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