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Payment Times Reporting Scheme

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

The scheme commenced on 1 January 2021. Our department administers the scheme under the Payment Times Reporting Act 2020.

Under the scheme, large businesses and large government enterprises 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

Reporting 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.

Read about the eligibility criteria and reporting requirements

Businesses that are not covered by the scheme will be able to apply to volunteer report in April 2021.

Read about volunteer reporting entities.

Small Business Identification tool

Large businesses can use the Small Business Identification (SBI) tool to find their small business suppliers.

As a small business, you can opt out of being identified by the tool. If you opt out, large businesses will not report on their payment times and terms to your business.

The SBI tool is available in the payment times portal.

The SBI tool has been released early in response to requests from business.

Your feedback will help us improve the SBI tool to better meet your needs.

To provide feedback, please contact us at PaymentTimesReporting@industry.gov.au.

Read about the SBI tool.

Payment times portal

In the portal, you can:

  • register your business details
  • manage your corporate structure
  • use the Small Business Identification (SBI) tool
  • register for updates on volunteer reporting

An early release of the portal is currently available. Access to the full portal, including report submissions, will be available from April 2021.

To access the Payment Times Portal you will need a myGovID and authorisation to act on behalf of your ABN for interactions with our department.

Access the payment times portal.

Read more about how to report. 

Advice and guidance 

Guidance has been developed for reporting entities. It provides practical guidance on how to comply with the reporting requirements of the scheme.

The guidance will be periodically updated, with updates likely to occur in response to queries from stakeholders during the first reporting period.

Read the PTRS guidance material for reporting entities.

Small businesses can also provide feedback on their 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.

The Payment Times Reporting Regulator

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

The Regulator administers the scheme and raises awareness.

The Regulator will also maintain the Payment times reports register. This public register shows how reporting entities are paying their small business suppliers.

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

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 about the Payment times reporting regulator and the Payments times reports register.

Read more

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.