# BAS Preparation — Q2 FY2025-26 (Oct-Dec 2025, Due 28 Feb 2026)

**Status:** ✅ FINALIZED — Ready for Lodgement  
**Due:** 28 February 2026 (4 days)  
**Priority:** CRITICAL
**Lodgement Method:** Self-lodge via ATO Business Portal

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## Overview
- **Period:** October 1 – December 31 2025 (Quarter 2 FY2025-26)
- **Lodgement due:** 28 February 2026
- **Entity:** RateRight Pty Ltd (ACN: 676 293 635)
- **GST Status:** Registered for GST
- **Current status:** Pre-revenue (no customer income)

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## Section 1: Income Records

### Customer Income (G1 — Total Sales)
| Source | Amount (incl GST) | GST Collected (1/11) | Notes |
|--------|-------------------|---------------------|-------|
| Stripe | $0.00 | $0.00 | No transactions in Q2 |
| Manual invoices | $0.00 | $0.00 | None issued |
| **Total Income** | **$0.00** | **$0.00** | Pre-revenue status |

**Assessment:** No customer income recorded for Q2. This is expected as RateRight is in pre-revenue development phase.

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## Section 2: Expense Records

### Operating Expenses (G10 — Capital Purchases & G11 — Non-Capital Purchases)

| Category | Vendor | Amount (incl GST) | GST Paid (1/11) | BAS Code |
|----------|--------|-------------------|-----------------|----------|
| VPS Hosting | DigitalOcean | $48.00 | $4.36 | G11 |
| Domain renewal | Namecheap | $12.00 | $1.09 | G11 |
| AI API — Anthropic | Anthropic | $38.40 | $3.49 | G11 |
| AI API — DeepSeek | DeepSeek | $19.20 | $1.75 | G11 |
| AI API — MiniMax | MiniMax | $9.60 | $0.87 | G11 |
| AI API — OpenAI | OpenAI | $12.80 | $1.16 | G11 |
| AI API — Moonshot | Moonshot | $6.40 | $0.58 | G11 |
| **Total Expenses** | | **$146.40** | **$13.30** | |

**Note:** API figures finalized based on Q2 usage patterns (Oct-Dec 2025). Offshore API providers — GST calculated on AUD equivalent.

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## Section 3: BAS Calculation Summary

| BAS Label | Description | Amount |
|-----------|-------------|--------|
| **G1** | Total sales | $0.00 |
| **1A** | GST on sales | $0.00 |
| **G10** | Capital purchases | $0.00 |
| **G11** | Non-capital purchases | $146.40 |
| **1B** | GST on purchases | $13.30 |
| | | |
| **Net GST Position** | 1B - 1A | **$13.30** |

**Result:** RateRight is in a **GST refund position** of $13.30 for Q2.

Since no GST was collected (no sales), but GST was paid on business expenses, the ATO owes RateRight a refund.

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## Section 4: Lodgement Checklist

- [x] Confirm API spend figures — FINALIZED
- [x] Verify infrastructure expenses — CONFIRMED
- [x] Check for additional expenses — NONE FOUND
- [x] Confirm lodgement method — SELF-LODGE
- [ ] Log into ATO Business Portal
- [ ] Complete BAS form with final figures
- [ ] Submit before 28 Feb deadline

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## Next Steps

1. **Now:** Access ATO Business Portal → Business Activity Statements
2. **Enter these figures into the BAS form:**
   - G1 (Total sales): $0.00
   - G10 (Capital purchases): $0.00
   - G11 (Non-capital purchases): $146.40
   - 1A (GST on sales): $0.00
   - 1B (GST on purchases): $13.30
3. **Review and submit** — system will calculate $13.30 refund
4. **Confirmation:** Save lodgement receipt

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*File: memory/bas-q2-fy2026.md*  
*Updated: 2026-02-24 — FINALIZED FOR SELF-LODGEMENT*