Businesses who are required to report under the Payment Times Reporting Scheme (PTRS) are invited to register early. This is ahead of the December launch of the self-registration on the PTRS portal.
We will provide businesses who register with updates on:
If you think you are covered under the scheme and have not been contacted or would like to register before December, please email us at PaymentTimesReporting [at] industry.gov.au
The reporting arrangements are based on the income year of your business. This might be a standard income year running from 1 July to 30 June or a non-standard income year such as a calendar year. You will be required to provide a report for each six months of the income year.
Information on what they need to report is in the Payment Times Reporting Bill. More details will be provided in the guidance material which will be available before 1 January 2021.