Europe is considering 30-day maximum payment times for SMEs. Here’s why Australia says no
The European Union is taking a vastly different approach to Australian lawmakers, arguing a hard 30-day time limit on invoice payments is the way to protect small businesses.
Unprecedented: SME payment times regulator names and shames late reporters
Australia's payment times watchdog has quietly named and shamed the parent company of Regional Express and other ASX-listed giants for failing to comply with its data collection rules.
Government pledges $8.1 million and crackdowns to ensure small businesses are paid on time
The Albanese government has committed to speed up payment times for small business, crack down on non-compliance, and name and shame big businesses.
Late invoice payments in the spotlight as Xero offers cash prizes to small businesses waiting for what they’re owed
Small businesses waiting for delayed invoice payments could score cash prizes from Xero, as accounting and business transaction make the promise of accelerated payment central to their pitches to SME customers.
Just 1% of Australian businesses have signed up for eInvoicing. Now, the ATO is set to double down on the time-saving scheme
Two years after launch, the eInvoicing system had only reached 25,000 of Australia's estimated 2.5 million businesses.
“Critical”: Small Business Minister Julie Collins urges SMEs to share views for payment times review
The federal government has urged small businesses to share their thoughts on how to accelerate payment times between major companies and their suppliers.
“Concerning”: Payment times watchdog to investigate as small businesses wait an average of 35 days for reimbursement
Australia's payment times watchdog says it will intensify its focus on big businesses in 2023, after the release of "concerning" data showing the average payment time to small businesses barely budged in 2022.
Big businesses with federal government contracts to pay suppliers in 20 days
Big businesses that win lucrative federal government contracts will soon be required to pay their own suppliers within 20 days, in the latest move by the government to address late payments to small businesses.
NSW budget: Faster payments for small business subcontractors and new procurement limits for SMEs
Big businesses with government contracts in New South Wales will be required to pay their subcontractors within 20 days, under a policy to be included in next week’s state budget.
Five years on: Kate Carnell shares her proudest achievement as Small Business Ombudsman
Kate Carnell will this week finish her five-year term as Australia's first Small Business Ombudsman. She shared her highlights of the job, and the priorities for her successor.
Carnell welcomes NSW plan for contractors to pay suppliers in 20 days
Small business subcontractors in NSW could soon start to be paid faster, if a new pilot program being run by the government is adopted across the state.
JobKeeper, insolvency and HomeBuilder: The early-January policy changes SMEs need to know about
From the JobKeeper extension to a new insolvency process, here are four policy changes SMEs need to know about that will start in early-2021.
