ACCC Fines for Recall Failures
Definition
Failure to maintain robust serial number and lot traceability exposes firms to regulatory fines when recalls cannot be executed efficiently.
Key Findings
- Financial Impact: AUD 1.1M+ maximum penalty per ACL breach; AUD 50,000+ typical for recall non-compliance
- Frequency: Per regulatory audit or recall event
- Root Cause: Lack of integrated traceability systems for regulatory-mandated recalls
Why This Matters
The Pitch: Motor Vehicle Parts manufacturers in Australia 🇦🇺 risk AUD 10M+ fines from ACCC for traceability failures. Automated systems ensure compliance.
Affected Stakeholders
Compliance Director, Legal Counsel, Safety Officer
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
Warranty Claims from Faulty Parts
Idle Equipment During Traceability Delays
Cost of Poor Quality from Chargeback Disputes
Supplier Indemnification Delays under ACL
Rush Order Costs from ECO Delays
Idle Equipment from ECO Bottlenecks
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