


What are the ongoing monitoring and improvement activities required to maintain a robust lodgement management process? What are some common pitfalls to avoid in managing outstanding lodgements?
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what is outstanding lodgement
- Are there any penalties or incentives associated with meeting or failing to meet these SLAs? How is communication facilitated between the lodgement processing and reconciliation teams to ensure timely resolution of issues?
- What are the potential impacts of new technologies, such as open banking, on lodgement processes and outstanding items?
- What are the benefits of a centralized lodgement processing function?
- What are the ethical considerations that should guide the handling of all lodgements, including outstanding items? How can the organization ensure compliance with all relevant laws, regulations, and internal policies related to lodgements?
- How can outstanding lodgement be prevented? Is outstanding lodgement a common issue?
- What approvals are required for writing off outstanding lodgements?
- How does the implementation of new systems or processes impact the rate of outstanding lodgements? Has there been a trend in the volume or value of outstanding lodgements over time?
- How is the risk associated with different types of outstanding lodgements assessed? What are the procedures for writing off long-outstanding lodgements that cannot be resolved?
- What are the penalties for non-compliance with lodgement regulations? How are customer inquiries about lodgements handled efficiently?
- How are system errors affecting lodgements identified and corrected?
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