🇦🇺Australia
Delayed GST Input Tax Credits on NGL Processing Imports
1 verified sources
Definition
Accounting for NGL fractionation inputs under deferred GST scheme causes verification delays, tying up working capital.
Key Findings
- Financial Impact: AUD 10% GST on AUD 5M inputs = AUD 500,000 ITC delayed 1-2 quarters (AUD 25,000+ interest equivalent)
- Frequency: Quarterly BAS
- Root Cause: Complex allocation of costs across NGL components (ethane, propane, condensate)
Why This Matters
The Pitch: Gas processors in Australia 🇦🇺 forfeit AUD 50,000+ in delayed ITC annually. Automated reconciliation unlocks cash sooner.
Affected Stakeholders
Tax Accountants, Procurement, Operations
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
ATO GST Reporting Penalties for NGL Fractionation
AUD 545 base penalty per late BAS + 5% p.a. GIC; typical AUD 5,000-20,000/year for SMEs with manual processes
Superannuation Guarantee Shortfalls in Gas Processing Payroll
200% SG Charge on shortfalls (11.5% rate); e.g., AUD 11,500 SG on AUD 100,000 payroll x 200% = AUD 23,000 penalty
Fair Work Penalties for Fractionation Shift Underpayments
AUD 66,600 max per breach x multiple breaches; typical AUD 10,000-50,000 per audit
Environmental Protection Licence Non-Compliance Fines
AUD 50,000+ fines per breach (typical range for EP Act violations); 20-40 hours/month manual monitoring
NOPSEMA Environment Plan Approval Delays
AUD 100,000+ per month idle rig costs (industry standard for approval delays)
EIS and Site-Specific EA Application Costs
AUD 500,000+ per EIS application (typical for large gas fields); 6-12 months preparation time
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