ATO BAS Lodgement Penalties
Definition
Procurement process involves tracking GST-creditable acquisitions; manual errors lead to late or incorrect BAS, triggering ATO administrative penalties.
Key Findings
- Financial Impact: AUD 222 per late BAS + 2% pa GIC on shortfall (min AUD 222)
- Frequency: Per missed quarterly/monthly BAS
- Root Cause: Manual aggregation of procurement invoices for GST reporting
Why This Matters
The Pitch: Household appliance manufacturers in Australia 🇦🇺 face AUD 222+ per late BAS on procurement GST. Automation of BAS data extraction prevents penalties.
Affected Stakeholders
Finance Controller, Procurement Team
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
Supplier Payment Fraud
Suboptimal Supplier Selection
GST Input Tax Credit Delays
Non-Compliance with AS/NZS 60335 Safety Standards
Rework Costs from Delayed Safety Compliance Scheduling
Idle Lines from Compliance-Driven Rescheduling
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