🇦🇺Australia

GST Misreporting on CAM Charges

2 verified sources

Definition

ATO requires GST on CAM recovery (input-taxed apportionment); pro-rata errors cascade to incorrect BAS lodgements, attracting General Interest Charge (currently 11.5%).

Key Findings

  • Financial Impact: AUD 5,222 min admin penalty per false BAS + 11.5% GIC on underpaid GST; typical AUD 20k-50k per audit
  • Frequency: Quarterly BAS lodgement failures
  • Root Cause: Manual classification of controllable/uncontrollable CAM components

Why This Matters

The Pitch: Leasing companies risk AUD 20,000+ ATO penalties per audit from CAM GST errors. Automated GST tagging on CAM line items prevents non-compliance.

Affected Stakeholders

Finance Directors, Tax Accountants

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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

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