🇦🇺Australia

TGP Non-Publication Fines

1 verified sources

Definition

Rack pricing and daily price file processes must comply with mandatory TGP publication; errors or delays trigger regulatory fines under ACCC oversight.

Key Findings

  • Financial Impact: AUD 10,000+ per breach (typical ACCC infringement notice for pricing transparency violations)
  • Frequency: Per non-compliance incident
  • Root Cause: Manual delays or errors in generating and publishing daily price files

Why This Matters

The Pitch: Wholesale Petroleum suppliers in Australia 🇦🇺 risk AUD 10,000+ fines per breach for TGP failures. Automation ensures compliant daily publishing.

Affected Stakeholders

Compliance Officers, Terminal Managers, IT Support for Pricing Systems

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Financial Impact

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Methodology & Sources

Data collected via OSINT from regulatory filings, industry audits, and verified case studies.

Evidence Sources:

Related Business Risks

Manual Price File Delays

2-4 hours per day per terminal on manual pricing (industry standard for daily TGP processes)

Pricing Errors in TGP Management

0.7 cents per litre average deviation from TGP[1][2][4]

Verzögerter Zahlungseingang durch lange Zahlungsziele und Disputmanagement

Logic estimate: For a petroleum wholesaler with AUD 100m annual revenue, 15 extra DSO days due to manual AR processes ties up ~AUD 4.1m in additional working capital, causing ~AUD 330k–410k per year in interest cost at 8–10% overdraft rates.

Unerfasste oder fehlerhafte Forderungen bei komplexer Preisgestaltung und Joint‑Venture‑Abrechnung

Logic estimate: 0.5–1.5% revenue leakage from missed or incorrect billing in complex JV and wholesale contracts; for AUD 100m in annual sales, this is AUD 0.5m–1.5m per year of lost revenue.

Mehrkosten und Bußgelder durch fehlerhafte GST‑Fakturierung und verspätete BAS‑Meldungen

Logic estimate: For a wholesaler with quarterly taxable supplies of AUD 10m, a 1% GST misstatement (AUD 100k error) can trigger ATO penalties of AUD 25k–75k plus AUD 5k–10k in interest, alongside internal rework of 40–80 staff hours per investigation.

Bad Credit Decisions from Manual Evaluation

AUD 50,000-500,000 per bond call on customer default (typical bond covers 3-6 months fuel supply value)[1][4][5]

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