🇦🇺Australia

ATO BAS Lodgement Penalties

1 verified sources

Definition

Procurement process delays in verifying supplier GST invoices cause BAS reporting failures, triggering ATO failure-to-lodge penalties.

Key Findings

  • Financial Impact: AUD 222 minimum per late BAS + 2% p.a. GIC on unpaid GST (typical AUD 1,000-5,000/year)
  • Frequency: Quarterly or monthly
  • Root Cause: Manual reconciliation of procurement invoices to BAS

Why This Matters

The Pitch: Machinery maintenance businesses in Australia 🇦🇺 face AUD 222+ per late BAS plus interest on procurement GST errors. Automation of spend tracking prevents penalties.

Affected Stakeholders

Finance Manager, Procurement Officer

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

AUSTRAC AML/CTF Reporting Failures

AUD 22 million max civil penalty per breach (typical AUD 50,000-500,000 for SMEs)

GST Input Tax Credit Losses

AUD 5,000-20,000 per year in lost input tax credits (10% GST on AUD 500k-2M procurement spend)

Payroll Tax on Contractor Overruns

4.85-6.85% on contractor payments exceeding state thresholds (AUD 1.2M NSW, typical AUD 10,000-50,000/year)

Unbilled Change Order Services

AUD 2,000-10,000 per project in unbilled extras (15-25% revenue leakage)

Client Churn from Approval Friction

AUD 50,000+ annual revenue loss per firm from 10-20% client attrition

Idle Equipment Downtime

AUD 10,000-100,000 per major breakdown in lost production; 20-30% capacity loss from idle equipment

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