Tax debt crisis predicted when government subsidies shut off

- July 15, 2020 2 MIN READ

Australia’s small businesses will struggle to pay their tax debts according to a recent survey.  The research by found a majority of Australian businesses were already struggling to meet tax obligations pre-COVID-19 with 25 per cent not having the cash on hand to pay debts. Now with lockdown and restrictions impacting trade, it is… Read more »

late payments

Late payments costing small business $776 billion annually

- March 6, 2020 2 MIN READ

Small business owners are waiting on average 56 days to be paid, despite recent pushes by the government and ombudsman to reduce payment times to 30 days, resulting in up to $776 billion in late payments annually. Independent research conducted by East & Partners on behalf of national small business lender Scottish Pacific found small… Read more »


Small businesses called to have their say on payment times

- February 21, 2020 2 MIN READ

The Australian Small Business and Family Enterprise Ombudsman Kate Carnell is encouraging small businesses to have their say on a draft law requiring big businesses to be more transparent about their payment times. Today the federal government opened consultation on the draft Payment Times Reporting Framework legislation that will require businesses with a turnover of… Read more »


Ombudsman says legislation needed to fix late payments

- February 14, 2020 2 MIN READ

The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) Kate Carnell says the voluntary Supplier Payment Code is ineffective and if the government is serious about getting big business to pay small business on time, legislation may be required. Carnell’s comments follow recent scandals surrounding reverse factoring in which certain larger corporations were miming data… Read more »


The news you need to know: September 26 2019

- September 25, 2019 2 MIN READ

Did you miss out on today’s news? Don’t fret! We’ve got the lowdown on all the news that matters to small business owners. Here’s what you need to know on Thursday September 26 2019. Melbourne café to face court over underpaying workers The Fair Work Ombudsman is taking the operators of a Northcote café to… Read more »


Corporates fail to cough up info on payment times for small biz

- April 9, 2019 2 MIN READ

The Australian Smal Business and Family Enterprise Ombudsman has revealed a large number of big corporates have failed to respond to the ombudsman’s request for information on payment times to suppliers in the small business space. The Review of payment terms, times and practices report, released today by the ASBFEO, surveyed 2400 small and family businesses… Read more »


Big business put on notice for poor payment times

- February 14, 2019 < 1 MIN READ

The Minister for Small and Family Business, Michaelia Cash has put the nation’s biggest corporations on notice, following the government’s commitment to improve payment times for small businesses. 3000 of the nation’s leading corporations are being called upon to take part in a payment reporting scheme which would require them to publish how long it… Read more »


Last chance to take ASBFEO payment times survey

- November 29, 2018 < 1 MIN READ

The Australian Small Business and Family Enterprise Ombudsman, Kate Carnell, is urging small businesses to take the payment times survey before it closes on Friday. Carnell is particularly keen for more representation from small businesses and family enterprises in rural and regional areas. “We know some of the worst payment practices are directed towards rural… Read more »

Partner Content

How B2Bpay gets customers paying their bills faster

- November 23, 2018 2 MIN READ

Given the trend towards card payments among consumers, with a recent survey finding that more than 80 percent of Australians prefer to pay by card, it may be surprising to learn that most businesses can’t easily accept card payments online from business customers. As Kevin Butler, General Manager of Australian payments pioneers Zenith Payments, explained,… Read more »