Finance

Payment Time Reporting Bill step in right direction

- September 8, 2020 2 MIN READ

The Australian Small Business and Family Enterprise Ombudsman Kate Carnell has welcomed legislation passed in the Senate to implement the Payment Times Reporting Scheme, requiring big businesses to be transparent about their payment times. Prior to the coronavirus crisis, late payment times were already crippling small businesses. Independent research by East & Partners on behalf… Read more »

News

Payment Times Reporting Bill could ease late payment issues for small business

- June 1, 2020 2 MIN READ

Small business advocates have welcomed the introduction of the Payment Times Reporting Bill 2020 which will deliver transparency around the way big business pays their small business counterparts. The Australian Small Business and Family Enterprise Ombudsman Kate Carnell says the Bill will require big businesses to be upfront about how quickly they pay suppliers. “Much… Read more »

Features

The extended impact of extended Payment Terms

- February 27, 2020 3 MIN READ

Australia’s Small Business and Family Enterprise Ombudsman, Kate Carnell, has once again unleashed a shot across the bow of the big companies that continue to subject small businesses to extended payment terms,” writes Bronwyn Reid. Ms Carnell said that the practice of imposing long payment terms on small businesses, and then offering them discounts for… Read more »

News

Late payment times improving for small business says Xero

- September 19, 2019 < 1 MIN READ

Leading small business platform Xero has released new data showing an improvement in late payment times across July for small business owners in Australia. The data from Xero Small Business Insights found that while businesses still wait on average just over 33 days to be paid on a 30-day invoice, it’s the best result since… Read more »