🇦🇺Australia

Delayed GST/BAS Lodgement Penalties

1 verified sources

Definition

Manual handling of international tuition payments causes delays in reconciling accounts receivable, resulting in missed BAS deadlines and automatic ATO penalties.

Key Findings

  • Financial Impact: AUD 222 base penalty per late BAS lodgement, plus accruing General Interest Charge (GIC) at 11.59% p.a.
  • Frequency: Quarterly or monthly for businesses with turnover > AUD 20k
  • Root Cause: Slow verification of international payments delays GST reporting

Why This Matters

The Pitch: Language schools in Australia waste AUD 222+ per late BAS lodgement on ATO penalties. Automation of invoicing and payment reconciliation eliminates this risk.

Affected Stakeholders

Accounts Manager, School Owner, Bookkeeper

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.

Evidence Sources:

Related Business Risks

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