Payment Times Reporting Framework: discussion paper stage 1

Closed 28 Dec 2019

Opened 13 Feb 2019

Published responses

View submitted responses where consent has been given to publish the response.

Overview

The small business function transferred to our department from the Department of Employment, Skills, Small and Family Business on 1 February 2020.

Update May 2020: Rules exposure draft

We sought views on the draft subordinate legislation, known as Minister's Rules, to be made under the Payment Times Reporting Bill.

Update March 2020: Bill exposure draft

We sought views on the draft Bill to enable the Payment Times Reporting Framework.

Update November 2019: Discussion paper stage 2

We sought input on a second discussion paper.

About this consultation

The Australian Government plans to introduce a new Payment Times Reporting Scheme for large businesses and large government enterprises with a total annual income of over $100 million to publicly report information on their small business payment terms and times. The scheme will:

  • increase transparency of the payment performance of large businesses so small businesses can make more informed decisions about their potential customers
  • drive cultural change to improve payment times

Discussion paper

The former Department of Employment, Skills, Small and Family Business undertook the first stage of consultation on the initial design of the scheme through a discussion paper:

Specifically, the consultation focused on 6 design issues central to the scheme’s development:

  • What is the preferred scope of reporting?
  • Who should report under the scheme?
  • What payment information should be reported?
  • How should information be reported?
  • Who should the framework be administered by?

The consultation process also included face-to-face consultation workshops in Perth, Sydney and Melbourne, an online consultation workshop and one-on-one meetings.

Audiences

  • Small business

Interests

  • Small business