Treasury is inviting feedback on 3 draft guidance notes for the Payment Times Reporting Scheme.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- there are specific requirements or obligations under the Act not covered by the draft guidance notes that you think should be included.