News

Government to cough up interest on late payments

- November 7, 2019 2 MIN READ

In a win for business owners, the government has announced as of January 2020 it will pay interest on electronic invoices that are paid past their due date. The move was announced by finance minister Mathias Corman who said the government would commit to paying contractor invoices up to $1 million, within five days or… Read more »

Finance

Treasury outlines benefits of e-invoicing in new report

- October 19, 2018 < 1 MIN READ

The Australian and New Zealand Governments are seeking comment on how electronic invoicing (e-Invoicing) can be best managed in both countries by releasing a public consultation paper. Deloitte Access Economics estimates Aussie small businesses issue approximately 1.2 billion invoices annually, and that e-Invoicing could result in economy-wide benefits of up to $28 billion over ten… Read more »