This policy could make women's super more vulnerable to financial...
Australia’s opposition says early access to superannuation is an election policy for the party’s campaign. But...
READ MOREPayment times: Have your say
Last month, Public Accountant reported on the government’s response to the Statutory Review of the Payment Times Reporting Act 2020. This month, we’re asking what trends in payment times and terms your organisation is seeing and how they are impacting the organisation’s ability to operate.
ASIC’s statistics show insolvency activity, including external administration and court liquidation, increasing, while ABS data reveals that the number of business exits increased by 27% year-on-year during the 2022-23 financial year.
Payment times for small businesses are critical, yet the government’s Payment Times Reports Register lists an average of even the standard payment terms to small businesses at 32 days. The average of the longest payment terms offered sits at 47 days.
Complete the survey below to share your organisation’s experiences of payment times and terms now, and the impact they have on growth and operations.
Read next: Payment times reporting: How the latest review will impact small business payments
Previous
Interactive map: Australia’s financial sanctions
Next
Go big or go home: Australia should invest at scale in Southeast Asia’s energy transition
ATO governance needs reform: IPA-Deakin SME Research Centre
The IPA-Deakin SME Research Centre has examined the shortcomings of the ATO’s governance model and proposed a Tax...
READ MORE
In my region: Northern Rivers, NSW
The Northern Rivers region has faced significant challenges and is affected by ongoing uncertainty. Yet, key industries...
READ MORE