Deadline for government departments to pay their bills “game-changer” for small businesses
By Loren Webb · 8 November 2019 · News
By Loren Webb · 8 November 2019 · News
A significant change is coming for small businesses dealing with the federal government. Faster payments and reduced late fees could be a major game-changer, but what does it mean for you?
Commonwealth agencies will start paying suppliers within five days from next year, or face interest on late payments, as long as they use electronic invoicing. Faster payments to suppliers from commonwealth agencies will be a "game-changer" for the small firms involved, says small business ombudsman Kate Carnell. From January 1st, federal government agencies will start […]