Payment Times Reporting Regulator reveals non-compliance notices, highlights tardy submissions

Entities need to be aware of the significant reputational risks associated with failure to comply with the scheme, as outlined by Vince Dimasi, Natalie Brand and Roberta Liddle.

As the Payment Times Reporting Act 2020 (the Act) reaches its three-year milestone, the Payment Times Reporting Regulator (Regulator) appears to be increasing its compliance focus with the first publication of ‘Failure to Comply’ notices for seven Australian corporates. Failure to comply notices In December 2023, the Regulator published its inaugural list of seven organisations that have now received (and failed to respond to) a ‘failure to comply’ notice (Payment Times Reports Register | P...

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Authors: Vince Dimasi, Natalie Brand,

Published Date: 22 February 2024