🇦🇺Australia

Fuel Inventory Shrinkage Theft

1 verified sources

Definition

Industry-standard shrinkage in bulk fuel storage amid declining fossil use heightens risks[3].

Key Findings

  • Financial Impact: 1-3% annual inventory value (AUD 1-5M per large plant)
  • Frequency: Continuous
  • Root Cause: Manual inventory checks at scale

Why This Matters

The Pitch: Fossil Fuel Electric Power Generation loses 1-3% inventory value (AUD 1-5M/year) to shrinkage. Automation of real-time tracking eliminates this risk.

Affected Stakeholders

Site Managers, Inventory Auditors

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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

Fuel Inventory Overstocking Penalties

AUD 90B sector investment shift strands 5-10% inventory value (AUD 50-100M/company annually)

GST/BAS Lodgement Failures on Fuel Imports

AUD 10,200 minimum fine per late BAS lodgement + 20-40 hours/month manual reconciliation

Safeguard Mechanism Non-Compliance Fines

AUD 22,520 per tonne of excess emissions (base penalty escalating with multiple breaches)

Manual ACCU Trading and Compliance Costs

AUD 50,000-100,000 annually per facility in labour (200-400 hours at AUD 250/hr)

Reportable Priority Waste Non-Compliance

AUD 297,663 max fine per breach (300 penalty units x AUD 992.25 as of 2025); plus permission fees AUD 1,000-5,000/site.

Ash Disposal Landfill and Compliance Costs

20-40 hours/month manual reporting per site; landfill tipping fees AUD 100-200/tonne for non-reused ash.

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