🇦🇺Australia
Superannuation Guarantee Shortfalls
1 verified sources
Definition
Overtime not properly tracked leads to SG shortfalls, attracting ATO charges and interest.
Key Findings
- Financial Impact: SG Charge 200% of shortfall + interest; typical AUD 5,000-15,000 per quarter delay
- Frequency: Quarterly super reporting cycle
- Root Cause: Manual overtime authorization fails to feed accurate hours into payroll/super calc
Why This Matters
The Pitch: Security firms in Australia 🇦🇺 accrue AUD 20,000+ SG Charges yearly from tracking errors. Automation ensures accurate contributions.
Affected Stakeholders
Payroll accountants, Finance 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
Excessive Overtime Penalties
AUD 20-50/hour overtime premium x 100 shifts/month = AUD 10,000-25,000/month overrun
Fair Work Underpayment Fines
AUD 66,600 per serious underpayment contravention; AUD 16,500 per record-keeping failure
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.
Guard Downtime from Licence Lapses
AUD 30-50/hour lost revenue per idle guard; AUD 1,500-3,000/month per affected employee at 50 hours/week
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