🇦🇺Australia

Superannuation Guarantee Shortfalls in Gas Processing Payroll

1 verified sources

Definition

Fractionation accounting delays payroll verification for shift workers, leading to missed super contributions and ATO-imposed charges.

Key Findings

  • Financial Impact: 200% SG Charge on shortfalls (11.5% rate); e.g., AUD 11,500 SG on AUD 100,000 payroll x 200% = AUD 23,000 penalty
  • Frequency: Monthly payroll cycles
  • Root Cause: Delayed time-to-cash in processing accounting slows payroll STP Phase 2 reporting

Why This Matters

The Pitch: Natural Gas Extraction firms in Australia 🇦🇺 lose AUD 10,000+ yearly to SG Charges from payroll errors. Automation of STP reporting prevents this.

Affected Stakeholders

HR Managers, Payroll Officers, Plant Supervisors

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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

ATO GST Reporting Penalties for NGL Fractionation

AUD 545 base penalty per late BAS + 5% p.a. GIC; typical AUD 5,000-20,000/year for SMEs with manual processes

Delayed GST Input Tax Credits on NGL Processing Imports

AUD 10% GST on AUD 5M inputs = AUD 500,000 ITC delayed 1-2 quarters (AUD 25,000+ interest equivalent)

Fair Work Penalties for Fractionation Shift Underpayments

AUD 66,600 max per breach x multiple breaches; typical AUD 10,000-50,000 per audit

Environmental Protection Licence Non-Compliance Fines

AUD 50,000+ fines per breach (typical range for EP Act violations); 20-40 hours/month manual monitoring

NOPSEMA Environment Plan Approval Delays

AUD 100,000+ per month idle rig costs (industry standard for approval delays)

EIS and Site-Specific EA Application Costs

AUD 500,000+ per EIS application (typical for large gas fields); 6-12 months preparation time

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