Posts tagged "payment times"

The number of Australian companies falling into administration rose in September, in the first increase in insolvency numbers since June. 

An Australian government promise to pay its suppliers faster has led to a collaboration between Treasury and e-invoicing startup Link4.

Proposed reforms to payment terms for small businesses don't go far enough and should include the spectre of financial penalties, says Labor.

Small business advocates are sceptical the Payment Times Reporting Framework will actually do what it says on the tin and improve payment times.

A Senate Inquiry is being held into the federal government's new legislation for payment times for small businesses. But there are significant flaws in the Bill, says Labor's Brendan O'Connor.

The ACCC is looking into claims big retailers are using COVID-19 to squeeze suppliers by demanding heavy discounts and delaying payments. 

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.

Small Business Minister Michaelia Cash has warned big businesses the COVID-19 pandemic is no excuse for delaying payments to small suppliers, but that is not stopping some companies.

Kate Carnell has given big businesses an ultimatum on whether or not she will formally recommend outlawing payment terms longer than 30 days.

Starting in the new year, payment times will be cut from 20 days to five days for small businesses contracted by the NSW government.

Commonwealth agencies will be held accountable for late payments under a new resource management plan unveiled by the Morrison government.

Michaelia Cash has dodged questions about whether the government will enable ASBFEO to use the full extent of its powers to examine reverse factoring.