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

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 »

Features

What can you do about late payments?

- April 26, 2017 3 MIN READ

Late payments are an increasingly hot topic. Many small businesses aren’t able to hire staff, improve their business or grow fast due to a cash flow gap. So, why do late payments matter? Because when a large business takes advantage of its market power to unilaterally extend or delay payments to its SME suppliers it… Read more »