🇦🇺Australia

Compliance & Penalties

2 verified sources

Definition

IATF mandates regular audits; handling nonconformities (per Rules 6) requires resources, with failure risking delisting from global OEM databases.

Key Findings

  • Financial Impact: AUD 20,000+ per major nonconformity (audit remediation + 3-6 months lost sales; Rules 6 effective 2025)
  • Frequency: Annual surveillance audits + recertification every 3 years
  • Root Cause: Inadequate handling of nonconformities and remote audit requirements

Why This Matters

The Pitch: Australian auto parts firms risk AUD 20,000+ in audit failures and lost revenue from IATF 16949 lapses. Automation ensures ongoing compliance.

Affected Stakeholders

Certification Managers, Executives, Internal Auditors

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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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