Main navigation

Payment Times Reporting Scheme

Main content area

The Australian Government has introduced the Payment Times Reporting Scheme (PTRS). The scheme aims to improve payment times for Australian small businesses.

The scheme will start on 1 January 2021. Our department will administer the scheme under the Payment Times Reporting Act 2020.

Under the scheme, large businesses and large government enterprises will need to report  their small business payment terms and times.

The scheme will:

  • increase transparency around large business’ payment performance
  • help small businesses decide who to do business with
  • create incentives for improved payment times and practices
  • help the public make decisions about the large businesses they buy from

Large businesses

The scheme applies to:

  • large businesses and certain government enterprises with a total annual income of over $100 million
  • controlling corporations where the combined total annual income for all members is more than $100 million
  • businesses with a total annual income greater than $10 million and that are part of a group headed by a controlling corporation with a collective income greater than $100 million

If your business falls into one of these categories, you’re required to report the payment terms and practices for your  small business suppliers. You will submit online ‘Payment times reports’ twice per year.

More information about this will be available in the Guidance Material which will be published before 1 January 2021.

Small businesses

Large businesses can use the Small Business Identification Tool to find their small business suppliers.

As a small business, you can opt out of being identified by the tool.

More information about this will be available in the Guidance Material which will be published before 1 January 2021.

You can provide feedback on your large business clients’ payment times and terms by contacting the Australian Small Business and Family Enterprise Ombudsman (ASBFEO). ASBFEO provides assistance for small businesses including advocacy and dispute resolution.

Volunteer reporting

If your business isn’t covered by the scheme but you still want to report, you can volunteer.

You will have the same obligations as other reporting businesses.

Volunteer reporting will be available in 2021.

Reporting portal

You will be able to register your business information in the Reporting Portal from December 2020.

Businesses will have access to the full portal, including report submissions, from April 2021.

If you wish to register before December, email PaymentTimesReporting@industry.gov.au

Information about how to use the portal will be available in the Guidance Material which will be published in before 1 January 2021.

Small Business Identification tool

The Small Business Identification Tool helps businesses find out who their small business suppliers are.

The tool will be available in December 2020.

PTRS advice and guidance 

The guidance material will assist businesses to report under the scheme. This will be published before 1 January 2021.

Payment times register

We will publish Payment times reports on the Payment times register. This public register shows how reporting entities are paying their small business suppliers.

The first reports will appear on the register after the first reporting period in July 2021.

The Payment Times Reporting Regulator

The Australian Government established the Payment Times Reporting Regulator. The Regulator will commence on 1 January 2021.

The Regulator will:

  • administer the scheme
  • publish Payment times reports on the online Payment times register
  • raise awareness

The scheme has  a 12 month transition period before compliance and enforcement measures apply. The transition period ends in December 2021.

Monitoring and compliance

The Regulator will monitor and enforce compliance with the Payment Times Reporting Act 2020 and associated rules.

The Regulator has powers to:

  • publish details of non-compliant businesses in the Payment Times Reports Register
  • require businesses to conduct audits
  • issue penalty infringement notices

The Regulator will engage with large businesses and educate them about how to comply during its first year of operation. This supports voluntary compliance and transparent reporting.

Read more

See how we consulted with small and large business, and industry, to design and develop the Scheme 

Contact us

Privacy

The Department of Industry, Science, Energy and Resources (the department) administers the Payment Times Reporting Scheme. The department designates a Regulator for the scheme who is supported by departmental staff.  The department (including the Regulator) is bound by the Australian Privacy Principles outlined in Schedule 1 of the Privacy Act 1988 (Cth), which regulates how we may collect, use, disclose and store personal information.

The department is implementing the Payment Times Reporting Scheme consistent with the department’s Privacy Policy and personal information will be handled by the Regulator and other  departmental staff according to this policy.  In receiving Payment Times Reports departmental staff will collect personal information from your entity, including the names and position of relevant personnel as well as e-mail addresses and other contact details. Personal information is being collected to support the submission of Payment Times Reports in compliance with the Payment Times Reporting Act 2020 (the Act) and to support monitoring and enforcement of the Payment Times Reporting Scheme. Payment Times Reports will be published on a Payment Times Reports Register but personal information will not be published. Your personal information will be accessed by departmental staff who are involved in the administration of the Payment Times Reporting Scheme. Your personal information will not be used or disclosed without your consent, except where authorised or required by law such as under Division 2, Part 5 of the Act.  

Personal Information will be stored and held in accordance with the department’s obligations under the Archives Act 1983 (Cth). For further information, please refer to the department’s Privacy Policy.