Name and Shame or Top of the class? Payment Times Reporting amendments

The passage of the Payment Times Reporting Amendment brings changes that may present compliance challenges for reporting entities.

In 2020, the Federal Government introduced the Payment Times Reporting (PTR) Scheme, which was meant to improve payment times for Australian small businesses by compelling large businesses – and some government enterprises – to submit a report on their payment terms and practices. Three years into the PTR Scheme, the Federal Government sought to introduce amendments to improve the operation of the scheme and to better achieve its objectives. Following consultation in April this year, the Pa...

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Authors: Vince Dimasi, Gayle Dickerson,

Published Date: 12 July 2024