Why isn’t your business using eInvoicing?
The Australian government has mandated the internal use of eInvoicing from 1 July 2022. Discussions are also being had around the mandatory nature of eInvoicing for all businesses, although no announcements or decisions have been made. So, if you want to get paid faster and gain some meaningful time savings while achieving enhanced visibility and accuracy – eInvoicing is for you.
Big businesses with federal government contracts to pay suppliers in 20 days
Big businesses that win lucrative federal government contracts will soon be required to pay their own suppliers within 20 days, in the latest move by the government to address late payments to small businesses.
NSW budget: Faster payments for small business subcontractors and new procurement limits for SMEs
Big businesses with government contracts in New South Wales will be required to pay their subcontractors within 20 days, under a policy to be included in next week’s state budget.
Carnell welcomes NSW plan for contractors to pay suppliers in 20 days
Small business subcontractors in NSW could soon start to be paid faster, if a new pilot program being run by the government is adopted across the state.
Survey reveals which government agencies pay small business suppliers on time
Federal government agencies are getting better at paying their suppliers on time, according to new survey results released on Monday.
In the wake of Grocon’s collapse, executives will be left standing, and subcontractors will be ruined
Grocon is more than a construction business, having found better money-making opportunities in property development and being a landlord.
The construction sector is plagued by late payments: Here’s how to protect your business
There are preventative actions that every small business owner can take to mitigate late payments and avoid drowning in debt.
Business insolvencies rose by 11% in September amid some improvement in payment times
The number of Australian companies falling into administration rose in September, in the first increase in insolvency numbers since June.
“Unacceptable”: Carnell slams late payments by owner of Peter Alexander, Just Jeans to small suppliers
Australian small business ombudsman Kate Carnell has called out a growing number of big businesses for continuing to delay paying their smaller suppliers, including retail group Premier Investments.
Labor to push for fines in plan to name and shame big business over payment terms
Proposed reforms to payment terms for small businesses don't go far enough and should include the spectre of financial penalties, says Labor.
Brendan O’Connor: The government must decide if it will help small businesses to be paid on time or not
A Senate Inquiry is being held into the federal government's new legislation for payment times for small businesses. But there are significant flaws in the Bill, says Labor's Brendan O'Connor.
Big retailers continue “immoral” squeeze on small suppliers, using COVID-19 as excuse
The ACCC is looking into claims big retailers are using COVID-19 to squeeze suppliers by demanding heavy discounts and delaying payments.
