The Federal Government commits to paying small businesses ten days sooner by July 2019

Summary

The Federal Government will begin paying small business suppliers ten calendar days sooner to improve their cashflow, it has been announced. Under the Government’s revised ‘pay on time’ policy, Small Business Minister Michael McCormack said federal agencies and entities will be required to pay invoices for contracts worth up to $1 million within 20 calendar […]

Tags: Australian Small Business and Family Enterprise Ombudsman Kate Carnell, CODE, Federal Government, Invoice, Michael McCormack, Payment, payment times, Policy