🇦🇺Australia
STP Phase 2 Non-Compliance Fines
1 verified sources
Definition
Report production involves contractors/researchers paid per project; STP mandates real-time payroll reporting.
Key Findings
- Financial Impact: AUD 330 per failure for <20 employees, escalating to AUD 4,950 for repeat offences
- Frequency: Per pay event
- Root Cause: Overtime/rush production causing payroll data entry delays
Why This Matters
The Pitch: Think Tanks in Australia 🇦🇺 face AUD 330+ per STP failure on payroll for researchers. Automation of time tracking eliminates this risk.
Affected Stakeholders
HR Payroll, Research Director
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
SG Charge = shortfall amount + interest (6.68%) + admin fee (AUD 20+ per employee)
GST Invoice Delays on Report Sales
30-60 extra days in AR, equivalent to 2-5% revenue tied up (industry avg 45 DSO)
ATO BAS Lodgement Penalties
AUD 222 general late lodgement penalty per BAS, up to AUD 1,110 for repeated failures
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.
Fraud Detection in Audits
AUD 5,000-100,000 per fraud incident (plus audit qualifiers); remediation costs post-audit.
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