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The small business function transferred to our department from the Department of Employment, Skills, Small and Family Business on 1 February 2020.
We sought views on the draft subordinate legislation, known as Minister's Rules, to be made under the Payment Times Reporting Bill
We sought views on the draft Bill to enable the Payment Times Reporting Framework.
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:
The former Department of Employment, Skills, Small and Family Business undertook the second stage of consultation on the design of the scheme through a discussion paper:
Specifically, the consultation sought stakeholders’ views on three complex issues:
The consultation also included face to face workshops in Perth and Sydney, one on one meetings and a survey of over 300 small businesses.