Payment times reporting bills [1]
Payment times longer than 30 days should be banned, the ATA submission to the Senate Education and Employment Committee’s inquiry into the payment times reporting bills [2] says.
The submission argues that creditors should have an immediate right to interest and recovery costs and that there should be penalties for serious non-compliance.
The submission proposes amendments to the bills that would provide industry-level insights into the experience of small business suppliers.
The ATA followed up on the submission by giving evidence to the committee [3] at its hearing on 7 July 2020.