🇦🇺Australia
STP Phase 2 Reporting Fines
0
Definition
Portfolio screening requires staff time verification, delaying STP submissions for analytics contractors.
Key Findings
- Financial Impact: AUD 330 per STP failure for small employers; AUD 1,100+ for repeat offences
- Frequency: Per pay event
- Root Cause: Bottlenecks in manual customer data screening delaying payroll
Why This Matters
Climate analytics firms in Australia risk AUD 330+ per STP failure. Automation of portfolio workflows ensures real-time compliance.
Affected Stakeholders
HR Payroll, Operations Lead
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
ATO BAS Lodgement Penalties
AUD 222 per late BAS lodgement (minimum penalty), up to AUD 2,220/year for quarterly failures
Superannuation Guarantee Shortfalls
SG Charge up to 200% of shortfall + interest; min AUD 1,100 penalty
ACCC Consumer Law Breaches
AUD 10 million max penalty per breach; AUD 1.1M for corporations
GST Billing Errors
AUD 2,220 minimum penalty per late/incorrect BAS + 10% revenue adjustment
API Key Abuse
AUD 10,000-30,000/year in foregone revenue (equivalent to 1-2 Business Pro plans)
Tier Limit Churn
AUD 30,000/year per lost Business Pro customer (15% churn rate)
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