GST/BAS Remediation

During a broader review of BAS processes at a global high-frequency trading firm, I identified that GST had not been correctly treated across a material portion of the firm's activities - an error that had persisted undetected across four years of returns lodged by prior finance staff.

I initiated a full reanalysis of the firm's BAS history, rebuilding the GST position from first principles across the entire four-year period. PwC were engaged to partner on the formal claim, providing technical tax expertise to validate the approach and manage the ATO submission. Together, we successfully recovered a seven-figure sum in overpaid GST.

Beyond the financial recovery, the project corrected the firm's ongoing GST treatment and embedded a sound methodology into the BAS process - ensuring the issue would not recur. The project was initiated proactively, based on my own review, rather than in response to an ATO query or external audit finding.