Improving Small Business Payment Times

Posted: 21st Nov

The Commonwealth Government is committed to encouraging fairer and faster payment times and terms for small businesses.  The 3.4 million small businesses employ around 6 million Australians which is around half of all business employment. There is international evidence that reducing long payment times to small business can make the small business sector more resilient by improving cash flow and boosting employment and wages. Source: Department of Employment, Skills , Small and Family Business.

Learn more about this Payment Times Reporting Framework