GST/BAS Reporting Errors in Gas Processing
Definition
Gathering/processing contracts involve mixed taxable supplies (methane vs NGLs); errors in volume measurement cause GST shortfalls.
Key Findings
- Financial Impact: AUD 20,000+ penalty per late/incorrect BAS (ATO failure-to-lodge fines)
- Frequency: Quarterly BAS lodgements
- Root Cause: Manual flow measurement and invoice matching from FGS to CPF
Why This Matters
Natural Gas Extraction players in Australia 🇦🇺 waste AUD 20,000+ in ATO penalties annually on Midstream Gathering and Processing Contract Management. Automation of BAS lodgement eliminates unbilled services.
Affected Stakeholders
Finance Teams, Tax Accountants
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
Superannuation Guarantee Shortfalls in Contractor Payroll
ACCC Gas Reservation Non-Compliance Fines
Midstream Supply Tightening Losses
Environmental Protection Licence Non-Compliance Fines
NOPSEMA Environment Plan Approval Delays
EIS and Site-Specific EA Application Costs
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