🇦🇺Australia

PAYG Withholding Reporting Delays

1 verified sources

Definition

STP Phase 2 mandatory since 1 July 2022 requires event-based reporting; floor plan admin bottlenecks delay pay runs.

Key Findings

  • Financial Impact: AUD 1,100 per 28-day late PAYG statement + further for BAS integration[LOGIC]
  • Frequency: Each pay cycle (weekly/bi-weekly)
  • Root Cause: Floor plan reconciliation holds up commission payments

Why This Matters

The Pitch: Motor parts wholesalers in Australia 🇦🇺 incur AUD 1,100+ penalties yearly from STP delays. Real-time payroll integration fixes this.

Affected Stakeholders

Payroll Supervisor, Accounts Receivable, Operations Manager

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

GST BAS Lodgement Penalties

AUD 222 per late BAS lodgement + GIC at 11.50% pa; typical SME 4 late lodgements/year = AUD 1,000+ plus interest[LOGIC]

Superannuation Guarantee Shortfalls

200% of unpaid SG as SG Charge (e.g., AUD 1,150 shortfall = AUD 2,300 charge); typical dealership AUD 10,000+/year[LOGIC]

AML/CTF Floor Plan Financing Reporting

AUD 22M max civil penalty per breach; minimum AUD 4,400 for reporting failure[LOGIC]

Delayed Accounts Receivable Payments

AUD 3,000 per average invoice tied up (30+ days); collections agency fees post-7 business days overdue; storage fees for delayed delivery (e.g., 7+ days at reasonable rate)

AR Collections Agency Costs

Collections agency fees (typically 10-20% of debt value) after 7 business days overdue; e.g., AUD 300-600 on AUD 3,000 invoice

Storage Fees from AR Delivery Delays

Reasonable storage fees per vehicle (7+ days, e.g., AUD 50-200/day based on industry norms)

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