STP Phase 2 Non-Compliance Penalties
Definition
Failure to comply with STP Phase 2 results in ATO penalties for incorrect or late payroll reporting, common in manual time tracking for household staff.
Key Findings
- Financial Impact: AUD 330 per 28 days late + AUD 1,100 failure to lodge maximum per statement (up to AUD 20,000/year for repeated issues)
- Frequency: Per pay cycle or quarter
- Root Cause: Manual time tracking inaccuracies feeding into payroll reporting
Why This Matters
The Pitch: Household services players in Australia 🇦🇺 waste AUD 20,000+ annually on STP fines and manual fixes. Automation of time tracking to STP eliminates this risk.
Affected Stakeholders
Household employers, Nanny agencies, Domestic service providers
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
Under/Over-Payment Errors
Superannuation Guarantee Shortfall Charges
Manual Payroll Processing Overhead
Breach Damages from Wrongful Termination
Automatic Renewal Lock-in Costs
Invoice Processing Delays and Cash Flow Drag
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