Introduction of Payment Times Reports Register to provide transparency of large business payment practices
On 1 January 2021, the Payment Times Reporting Act 2020 (Cth) (the Act) commences, which will oblige large businesses with an annual turnover of more than $100 million (Reporting Entitles) to report their payment terms and practices with respect to their Small Business suppliers, twice per year. Once reported, the reports will be made available […]
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