Posts tagged "christmas cashflow"

Payment times in excess of 30 days should be outlawed, Kate Carnell says, noting a deluge of big businesses using COVID-19 as an excuse.

Late payment times has been revealed to be a $7 billion problem and one which is significantly slowing the growth of local SMEs.

The government is seeking views on how it should formulate its late payment times reporting policy, with everything from enforcement to scope covered.

Pauline Hanson wants to address small business payment times by forcing big businesses to cough up the cash in a timely manner.

An inquiry into late payments has been extended after an outpouring of support from the small business community.

Kate Carnell has written to large companies and multinationals about the late payment of invoices causing SME cashflow woes.

Small businesses are under the pump this time of year, but experts warn the next six weeks could push companies close to the edge as cash fl…