🇦🇺Australia
GST/BAS Lodgement Delays
2 verified sources
Definition
Retail-linked services bill post-install; unbilled jobs or pricing errors common.
Key Findings
- Financial Impact: 60-90 AR days industry avg; 1-2% revenue as opportunity cost (10% p.a. cost of capital)
- Frequency: Quarterly BAS, per job
- Root Cause: Post-service invoicing without digital capture
Why This Matters
The Pitch: Home furnishings services in Australia 🇦🇺 suffer 45+ AR days, locking AUD 20,000+ capital. Automated invoicing speeds cash flow.
Affected Stakeholders
Accounts Receivable, Installers
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
Fair Work Act Penalty Units
AUD 66,600 per serious contravention (630 penalty units at AUD 105.83/unit from July 2024); typical SME fine AUD 10,000-50,000
Superannuation Guarantee Shortfall Charge
SG Charge: Base amount unpaid + interest + admin fee (AUD 20 min); e.g., AUD 1,150 SG on AUD 10,000 wages incurs AUD 200+ extra
ACCC Consumer Guarantee Refunds
AUD 500-2,000 per claim (refund + labour); industry 2-5% service revenue in rework costs
WorkCover Premium Under-Declaration
AUD 1.85-5% of wages as premium (VIC/NSW avg); audit recovery +20-50% uplift
Bußgelder wegen Verstoß gegen australisches Verbraucherkreditrecht (NCCP/ASIC)
Logic‑based estimate: expected compliance risk cost of ~AUD 80,000–190,000 per year per mid‑size retailer, based on a likely ASIC‑style enforcement event of AUD 400,000–950,000 (penalty, remediation, and professional fees) every 5 years linked to non‑compliant consumer finance application processes.
Cost of Poor Quality
Quantified: AUD 5,000-20,000 per rework incident (industry standard 2-5% of order value for custom pieces averaging AUD 10,000)
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