🇦🇺Australia

Superannuation Guarantee Shortfalls

3 verified sources

Definition

Inaccurate timesheet hours lead to underpaid super, with ATO imposing charge (employer super + interest + admin fee) on non-compliant employers.

Key Findings

  • Financial Impact: SG Charge: 200% of shortfall + 10% Super Guarantee Charge Rate interest; typical AUD 3,000-15,000/year for 10-employee firm
  • Frequency: Quarterly super reporting failures
  • Root Cause: Manual aggregation of irregular caregiver shifts misses reportable earnings

Why This Matters

The Pitch: Elderly care firms in Australia 🇦🇺 face AUD 10,000+ SG penalties yearly. Automated timesheet super calculation ensures compliance and avoids ATO recovery charges.

Affected Stakeholders

Payroll Processors, Finance Directors, HR Managers

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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

STP Phase 2 Non-Compliance Penalties

AUD 222 per late STP report + AUD 2,000 max penalty per failure (ATO scale); typical 10+ violations/year for manual processes

Award Penalty Rate Calculation Errors

AUD 5,000+ average backpay claim per employee; 2-5% payroll overrun from manual errors (40 hours/month reconciliation)

Fair Work Underpayment Claims

AUD 10,000-50,000 per underpayment case (backpay + interest + fines up to AUD 93,000/breach for companies)

NDIS Incident Reporting Penalties

AUD 5,000 - 50,000 civil penalties per breach; potential de-registration.

Governing Body Determination Application Fees and Delays

AUD 500-2,000 in application fees per submission + 20-40 hours staff time for rework

Assessment Waiting List Delays

AUD 5,000-10,000 per delayed client (based on average HCP value) + 2-6 weeks capacity loss

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