Posts tagged "Payment Times Reporting Bill 2020"

The Payment Times Reporting Scheme aims to improve SME cashflow by making reporting entities disclose their payment terms and times.

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.

Proposed reforms to payment terms for small businesses don't go far enough and should include the spectre of financial penalties, says Labor.

Small business advocates are sceptical the Payment Times Reporting Framework will actually do what it says on the tin and improve payment times.

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.