🇦🇺Australia
Event Vendor Payment Delays
1 verified sources
Definition
Event planning involves multiple vendors paid from sponsorship revenue; delays trigger late fees.
Key Findings
- Financial Impact: AUD 50-200 late payment penalties per vendor + 1.5% p.m. interest.
- Frequency: Per event (multiple vendors)
- Root Cause: Manual matching of sponsorship income to vendor expenses
Why This Matters
The Pitch: Think tanks in Australia 🇦🇺 incur AUD 50-200 per late vendor payment. Automation of AP workflow eliminates penalties.
Affected Stakeholders
Accounts Payable, Event Planner
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
Sponsorship Contract Fraud Risk
2-5% sponsorship revenue leakage (industry standard); e.g., AUD 2,000-5,000 per AUD 100k event.
Single Touch Payroll Phase 2 Fines
AUD 330 per failure to report correctly + escalating penalties up to AUD 4,950 for repeated failures.
Superannuation Guarantee Shortfalls
SG Charge = super shortfall x 200% + interest; e.g., AUD 1,150 missed super incurs AUD 2,300+ charge.
GST/BAS Lodgement Penalties
AUD 222 general interest charge per 28 days late + AUD 1,100+ failure to lodge penalty per BAS.
ATO Audit Failures & Penalties
AUD 10,000+ per modified audit (ATO penalties for BAS/GST lodgement failures during audit prep); 50-100 hours/year manual rework.
Audit Preparation Cost Overruns
AUD 20,000-50,000/year overrun (auditor fees for extended work); 40-80 hours staff time per audit.
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