🇦🇺Australia

GST/BAS Lodgement Delays

1 verified sources

Definition

Manual payment processing through external booking sites causes delays in issuing compliant tax invoices, risking ATO penalties for late BAS.

Key Findings

  • Financial Impact: AUD 222 per late BAS lodgement (minimum penalty); 10-20 hours/quarter manual reconciliation
  • Frequency: Quarterly
  • Root Cause: Third-party booking platforms delay payment confirmation and invoice generation

Why This Matters

Retail Art Supplies players in Australia 🇦🇺 waste AUD 2,220+ annually on late BAS penalties per quarter. Automation of registration payments eliminates lodgement delays.

Affected Stakeholders

Accounts Payable Clerk, Workshop Coordinator

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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

STP Phase 2 Non-Compliance

AUD 300-7,500 per STP failure; Superannuation Guarantee Charge up to 200% shortfall

Forfeited Workshop Fees

100% workshop fee per no-show (e.g., AUD 200-500/event); 10-20% churn rate

Underpriced Workshop Fees

AUD 117-196 hourly minimum shortfall; full day revenue loss AUD 400-700

Cash Drawer Shortages from Theft or Errors

AUD 17.78 cash shortage + AUD 2.50 coupons per drawer, plus overages like AUD 12.78 unrecorded checks; typical daily losses AUD 10-50 per register[1][4]

Labour Time Waste in Manual Reconciliation

15-30 minutes per drawer daily; for 2 drawers/store at AUD 30/hr labour = AUD 15-30/day or AUD 450-900/month per store[1][2][5]

ATO Audit Risks from Reconciliation Discrepancies

AUD 222 minimum penalty per BAS lodgement failure + 2-5% p.a. GIC on underreported GST; typical small retail exposure AUD 500-2,000 per audit[logic: ATO penalties]

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