Small business tool released ahead of Payment Times Reporting regime

There’s some positive pre-Christmas news for reporting entities with the tool eagerly anticipated to reduce the compliance burden, as discussed by Vince Dimasi and Natalie Brand.

For many organisations subject to the new Payment Times Reporting legislation, the release of the Small Business Identification Tool (SBI Tool) has been eagerly anticipated, with many unable to commence internal projects without access to the tool. What is the SBI Tool? The Federal Government hopes that the SBI Tool will reduce the compliance burden for reporting entities by assisting reporting entities to identify which suppliers they need to report on. For the purposes of the scheme, a b...

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Authors: Vince Dimasi, Natalie Brand

Published Date: 22 December 2020