Government agencies under strict new payment regime

By Lorna Brett · 12 July 2011 · Cashflow

New Payment Rules Hit State Agencies

The Federal Government has cracked down on late payments, but what does this mean for small businesses? Find out how this change affects your cashflow and bottom line.

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Summary

The Federal Government has introduced a stringent payment regime obliging state agencies to pay small business creditors within 30 days, or they’ll face penalties for late payment.

Tags: business creditors, creditor payments, Federal Government, Small Business Commissioner, small business legislation