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Small businesses can no longer stand to be the banks for big companies and the Australian Small Business and Family Enterprise Ombudsman (ASBFEO) Kate Carnell has identified this issue as one of the greatest problems impacting the small business community.
Australia ranks very poorly when it comes to on time payments, having one of the highest average late payment periods in the world. In fact, $26 billion of supplier invoices are currently sitting in the unpaid pile.
Do you want fairer payment terms for small businesses? Are late payments a problem for your business?