🇦🇺Australia

STP Phase 2 Reporting Delays

2 verified sources

Definition

Onboarding without integrated STP leads to payroll reporting errors and delayed payments.

Key Findings

  • Financial Impact: 20-40 hours/month manual STP compliance; AUD 222k avg failure cost for payroll breaches
  • Frequency: Monthly/quarterly reporting cycles
  • Root Cause: Lack of automated data transfer from offshore HR systems to ATO STP

Why This Matters

The Pitch: Australian outsourcers waste 20-40 hours/month per team on manual STP during onboarding. Automation cuts time-to-cash drag.

Affected Stakeholders

Accountants, Onboarding Specialists

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

Payroll Tax Threshold Breaches

4.75-6.085% on wages over threshold (e.g., AUD 50,000+ per breached team)

Fair Work Act Non-Compliance Fines

AUD 63,000 max per serious breach; AUD 16,500 per medium breach; typical SG charge 200% of shortfall plus interest

Superannuation Guarantee Shortfalls

200% of unpaid super + interest (e.g., AUD 2,300 charge on AUD 1,000 shortfall per employee)

Excessive Change Consultation Costs

AUD 8,000 per change initiative (40 hours at AUD 200/hr)

Unbilled Scope Changes

AUD 20,000 - 100,000 per missed project upsell (2-5% of contract value)

Fair Work Change Consultation Fines

AUD 10,000 - 50,000 per contravention (Fair Work civil penalties)

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