Payment times reporting for large business: Are you ready to report?

As discussed by Vince Dimasi, the proposed regime aims to create transparency around the payment practices and times of a large business in paying its small business suppliers.

See briefing document: New Payment Times Reporting for Large BusinessThe Federal Government has introduced legislation into Parliament which seeks to implement the requirement for large businesses groups and government enterprises with annual total income of over $100 million to publicly report on their small business payment terms and times via a public Payment Times Reports register.It has been estimated that over 9,000 entities from large business groups would be required to file repo...

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Authors: Vince Dimasi

Published Date: 12 August 2020