Key Documents
On 6 December 2022, the Australian Government announced an independent review of the Payment Times Reporting Act 2020 (the Act). The Hon Dr Craig Emerson is conducting the review.
The Terms of reference require the review to consider the operation of the Act against its legislated objects, whether related government policies have improved payment terms and practices of large businesses in relation to their small business suppliers, and whether other measures would be more effective in improving payment terms and practices.
The review will also consider the efficacy of international approaches to improving payment times for small businesses and make recommendations on arrangements that ensure small businesses are paid on time.
This consultation paper seeks stakeholder views on these issues. Submissions in response to the consultation paper will assist Dr Emerson in preparing a final report, which will be provided to the Australian Government by 30 June 2023.