Ombud report warns that nearly half of big biz are failing to pay SME suppliers on time
By Yajush Gupta · 20 July 2022 · News
By Yajush Gupta · 20 July 2022 · News
A shocking report reveals nearly half of large corporations are neglecting their payment obligations, leaving small businesses at risk. Can these businesses survive the financial strain?
The Australian Small Business and Family Enterprise Ombudsman, Bruce Billson, notes that real payment performance has deteriorated to the point where even the mediocre 30-day payment objective has not been met.
Tags: delayed payment, Small Business