🇦🇺Australia

Superannuation Guarantee Shortfalls

0

Definition

Sponsorship events involve overtime and casuals whose SG payments are often missed or late, attracting SG Charge.

Key Findings

  • Financial Impact: SG Charge = super shortfall x 200% + interest; e.g., AUD 1,150 missed super incurs AUD 2,300+ charge.
  • Frequency: Monthly payment deadline
  • Root Cause: Manual payroll processing for variable event hours

Why This Matters

The Pitch: Think tanks in Australia 🇦🇺 lose AUD 200+ per employee per quarter on SG Charge. Automation of event payroll super calculations eliminates this risk.

Affected Stakeholders

Payroll Officer, Event Manager

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

Sponsorship Contract Fraud Risk

2-5% sponsorship revenue leakage (industry standard); e.g., AUD 2,000-5,000 per AUD 100k event.

Event Vendor Payment Delays

AUD 50-200 late payment penalties per vendor + 1.5% p.m. interest.

Single Touch Payroll Phase 2 Fines

AUD 330 per failure to report correctly + escalating penalties up to AUD 4,950 for repeated failures.

GST/BAS Lodgement Penalties

AUD 222 general interest charge per 28 days late + AUD 1,100+ failure to lodge penalty per BAS.

ATO Audit Failures & Penalties

AUD 10,000+ per modified audit (ATO penalties for BAS/GST lodgement failures during audit prep); 50-100 hours/year manual rework.

Audit Preparation Cost Overruns

AUD 20,000-50,000/year overrun (auditor fees for extended work); 40-80 hours staff time per audit.

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