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Small business MOG 2021
This content is under review. The small business function transferred to Treasury as a result of the Administrative Arrangements Order made on 15 April 2021 with effect from 15 April 2021.
The small business function transferred to our department from the Department of Employment, Skills, Small and Family Business on 1 February 2020.
The Australian Government is introducing a new Payment Times Reporting Framework for large businesses with over $100 million in annual turnover. These businesses will be required to report information on how and when they pay their small business suppliers.
The framework aims to:
The legislation to enable the reporting framework is proposed for introduction in the 2020 autumn sitting of Parliament.
We are seeking views on the draft legislation and the content of the proposed Minister’s Rules that would be made under the legislation. We particularly welcome the views of businesses on any implementation issues associated with the requirements set out in the legislation and the Rules.