🇦🇺Australia

Superannuation Guarantee Shortfalls in Procurement Payroll

1 verified sources

Definition

Procurement and tracking processes involve overtime for urgent spacecraft components, triggering SG payments due 28th of following month. Errors in manual time-tracking lead to shortfalls.

Key Findings

  • Financial Impact: AUD 200 minimum SGC per employee per quarter; 10% p.a. interest; typical AUD 5,000+ for SME team of 10 during project rushes
  • Frequency: Monthly/quarterly SG payments; peaks during mission deadlines
  • Root Cause: Idle manual verification of overtime hours tied to procurement rushes

Why This Matters

The Pitch: Space research companies in Australia 🇦🇺 incur AUD 200+/employee SGC plus interest on late super for procurement teams. Automated payroll tracking from procurement eliminates delays.

Affected Stakeholders

HR Manager, Procurement Staff, Payroll Officer

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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

GST/BAS Lodgement Penalties for Procurement

AUD 222 minimum penalty per late BAS lodgement; up to AUD 1,100 for repeated failures; 2-5% revenue leakage from missed input credits (industry avg for complex supply chains)

Payroll Tax Threshold Breaches from Procurement Overtime

5.45% (NSW) to 6.85% (VIC) on payroll over AUD 1.2M-1.5M thresholds; AUD 50,000+ annual overrun for mid-size space ops teams

AUSTRAC AML/CTF Reporting for High-Value Components

AUD 22M max civil penalty per breach; AUD 5,000-20,000 typical for SME reporting failures

Estimation Method Inaccuracies

31% average cost growth; AUD 5.7B portfolio overruns (2023 NASA equiv.)

Flight Hardware Inventory Chain Overheads

AUD 100,000+ annually in reduced overheads via lean chains (industry benchmark for small operators)

Equipment Idle in Payload Qualification

AUD 2.5 million government investment needed to address delays (per project backlog)

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