Treasury is inviting feedback on 3 draft guidance notes for the Payment Times Reporting Scheme.
The updated guidance is intended to assist reporting entities to meet their obligations and understand our expectations when undertaking compliance activities. The need for updated guidance was identified after reviewing enquiries and reports from the first year of operation of the scheme.
Please provide feedback using the instructions and template provided in the consultation paper. We are particularly interested in whether:
- there are sections of guidance where clarifications or further details would be helpful
- additional information, guidance or examples could be included
- you have any practical concerns or issues that may arise from following updated guidance
- there are specific requirements or obligations under the Act not covered by the draft guidance notes that you think should be included.
You can submit responses to this consultation up until 02 September 2022. Interested parties are invited to comment on this consultation.
While submissions may be lodged electronically or by post, electronic lodgement is preferred. For accessibility reasons, please submit responses sent via email in a Word or RTF format. An additional PDF version may also be submitted.
All information (including name and address details) contained in submissions will be made available to the public on the Treasury website unless you indicate that you would like all or part of your submission to remain in confidence. Automatically generated confidentiality statements in emails do not suffice for this purpose. Respondents who would like part of their submission to remain in confidence should provide this information marked as such in a separate attachment.
Legal requirements, such as those imposed by the Freedom of Information Act 1982, may affect the confidentiality of your submission.
View our submission guidelines for further information.
How To Respond
Address written submissions to:
Small and Family Business Division
Parkes ACT 2600