Government releases guide to payment times reporting scheme
The federal government has released a guide on the required transparency from large businesses to small businesses in order to comply with the reporting requirements of the payment times reporting scheme that was legislated earlier this year.
The Payment Times Reporting Bill 2020 passed through Parliament in September, requiring businesses with a total annual income of over $100 million to report on how and when they pay their small-business suppliers.
Read more at MyBusiness.
