BAS Lodgement Failure Fines
Definition
Failure to track issued invoices manually results in under/over-reported GST, with ATO imposing failure-to-lodge penalties on businesses like equipment distributors.
Key Findings
- Financial Impact: AUD 222 per late BAS lodgement + AUD 1,100+ for serious non-compliance
- Frequency: Per quarter (monthly for large wholesalers)
- Root Cause: Lost/untracked invoices in manual collection processes
Why This Matters
Photography wholesalers lose AUD 5,000-15,000 yearly to BAS penalties. Automated AR tracking ensures timely compliant lodgements.
Affected Stakeholders
Finance Manager, Invoicing Team
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
High Accounts Receivable Days
Delayed GST Invoicing Penalties
Unbilled GST on Mixed Supplies
Credit Approval Delays
Slow Account Activation
Fraudulent Credit Grants
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