Turnbull Government paying 60% of its small business invoices within 20 days, report shows

By James Harkness · 7 December 2017 · Cashflow

Turnbull Government paying 60% of its small business invoices within 20 days, report shows

Small business cashflow boost: Government payments on the rise

The Turnbull Government is making strides in paying small business invoices on time, but just how significant is the improvement? Find out the surprising figures that could impact your business's cashflow today.

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Summary

Federal Government agencies are paying 96% of their small business contractors within thirty days of receiving an invoice, according to a new report. Minister for Small Business, Michael McCormack said the latest Pay On-Time report also found agencies were paying 60% of invoices up to $1 million within 20 days, and that the overall results […]

Tags: 20 day, ASBFEO, Cashflow, Federal Government, Invoice, Kate Carnell, Michael McCormack, pay on time