STP Phase 2 Reporting Failures
Definition
Manual time and utilization data fed into payroll systems leads to STP non-compliance, triggering ATO audits and fines for custom software businesses.
Key Findings
- Financial Impact: AUD 330 per STP failure + AUD 1,100 max per quarter; typical 2-5 errors/year = AUD 2,000-10,000[3]
- Frequency: Each pay event (mandatory real-time)
- Root Cause: Manual aggregation of developer hours for STP XML submission
Why This Matters
The Pitch: IT firms in Australia 🇦🇺 face AUD 1,000+ fines per STP error from manual time data. Automated tracking ensures compliant payroll reporting.
Affected Stakeholders
Payroll Officers, Finance Teams
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
Overtime Payment Errors
Unbilled Developer Hours
Pricing and Invoicing Errors
Unbilled Testing Services
Rework from Testing Defects
Overtime in Manual Testing
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