Only three out of 10 big businesses pay their small business customers within 30 days while nearly one-quarter take more than 120 days to pay up, according to new payment times data.
“This is a woeful performance and is bitterly disappointing…
Only three out of 10 big businesses pay their small business customers within 30 days while nearly one-quarter take more than 120 days to pay up, according to new payment times data.
“This is a woeful performance and is bitterly disappointing…
… BIG BUSINESSES URGED TO “LIFT THEIR GAME” ON PAYMENT TIMES 01 February 2023 Only three out of 10 big businesses pay their small business customers within 30 days while nearly one-quarter take more than 120 days to … long to have their invoices paid,” Mr Billson said. “At a time when small and family businesses are facing headwinds, …
Australian Small Business and Family Enterprise Ombudsman Bruce Billson extract of interview with Philip King.
Accountants Daily Insider - Podcast
Subject: Payment times, …
… TRANSCRIPT: Payment times, dispute resolution, tax concierge service, … It's three out of ten small businesses can count on the 30-day payment window. Now, 30 days is hardly shooting the …
More than half of the nation’s big businesses are missing their own deadlines for paying their small business suppliers, according to the latest data from the Payment Times Reporting Regulator.
While there has been a marginal improvement in…
… business suppliers, according to the latest data from the Payment Times Reporting Regulator. While there has been a … has slipped to the point where even the mediocre 30-day payment goal has not been met, says the Australian Small …
TRANSCRIPT
Australian Small Business and Family Enterprise Ombudsman Bruce Billson interview with Glen Bartholomew, ABC NewsRadio.
20 July 2022
Subject: Payment Times…
… Payment Times Reporting Regulator’s Report 20 July 2022 … and also lift what is a fairly mediocre ambition around 30 day payment goals to actually get really serious about this …
Rikki Lambert
The Small Business and Family Enterprise Ombudsman, Bruce Billson. Bruce, how are you today?
Bruce Billson
Pretty awesome to be with you and your audience.
Rikki…
… TRANSCRIPT: Payment Times for Small Business with Flow FM 14 November … for big business, the Business Council of Australia, says 30 days is their policy, well, the vast number of big … So, there's plenty of scope for improvement. And at a time when small and family businesses are facing headwinds, …
The Australian Small Business and Family Enterprise Ombudsman Bruce Billson has welcomed today’s launch of the Payment Times Reports Register, which provides transparency around big business payment times.
The new online Payment Times Reports…
… reveals extent of late payments by big business to small 30 November 2021 The Australian Small Business and Family … Ombudsman Bruce Billson has welcomed today’s launch of the Payment Times Reports Register , which provides transparency … big businesses to be up front and honest about the time it takes to pay their small business suppliers. “We …
TRANSCRIPT
Australian Small Business and Family Enterprise Ombudsman Bruce Billson interview with Leon Delaney.
2CC Canberra
14 November 2022
…
… TRANSCRIPT: Payment Times for Small Business with 2CC Canberra 14 … Only about 14% of them are paying their suppliers within 30 days. And of course, suppliers are generally small … the soul, doesn't it? Absolutely. You should listen every day, Bruce. Bruce Billson Well, I should, but I'm busy …
Almost one in four big businesses take more than 120 days to pay their small business suppliers, according to new analysis using data from the Payment Times Reporting Regulator.
The information reported by big business also reveals those…
… suppliers, according to new analysis using data from the Payment Times Reporting Regulator. The information reported … reveals seven out of 10 big businesses failed to meet the 30-day payment goal set by the Business Council of Australia. A …
TRANSCRIPT
Australian Small Business and Family Enterprise Ombudsman Bruce Billson interview with Glen Bartholomew.
ABC News Radio
Subject: review of Payment Times Reporting Act…
… TRANSCRIPT: review of Payment Times Reporting Act (ABC News Radio) 01 September … and family business suppliers and paying, you know, within 30 days. That's hardly shooting the lights out, but it's … they've called out through their own policies a 30-day payment expectation but sadly too many aren't living up …
Australian Small Business and Family Enterprise Ombudsman Bruce Billson interview with Leon Delaney.
Radio 2CC Canberra
Subject: Helping small business resolve disputes,…
… TRANSCRIPT: Helping small business resolve disputes, payment times, digital platforms 31 January 2024 TRANSCRIPT … figures that she's presented today, the average payment time for a big business to pay a small business is now down to 35.4 days. So, in other words, it's more than 30 days. And that represents an improvement? It's still too …
… Payment Disputes Payment plan enables outstanding payment to be made A small business owner had an ongoing payment dispute … emails had contact names or phone numbers attached. Each time the small business owner contacted the company, he would …
… Payment disputes Payment plan enables outstanding payment to be made A small business owner had an ongoing payment dispute … emails had contact names or phone numbers attached. Each time the small business owner contacted the company, he would …
The Australian Small Business and Family Enterprise Ombudsman, Bruce Billson, wholeheartedly supports the call to overhaul the Payment Times Reporting Act and welcomes recommendations to make the data more useful for small business.
“Finance…
… OMBUDSMAN WELCOMES PAYMENT TIMES REVIEW BY DR CRAIG EMERSON 01 September 2023 … Register to provide meaningful information that can easily be understood and applied by small business, regulators and … game. “ASBFEO is the only organisation that has dedicated time and resources to unpack the current complicated …
TRANSCRIPT
Australian Small Business and Family Enterprise Ombudsman Bruce Billson interview with Selina Green.
ABC Radio SA South East
12 December 2022
…… TRANSCRIPT : Energy costs, payment times 12 December 2022 TRANSCRIPT Australian Small … Enterprise Ombudsman. Good morning and thank you for your time. Bruce Billson Selina great to be with you and your … with its payments code, urges its members to pay within 30 days. But what we're actually seeing through the Payments …
… on each state and territory. Key findings for the year to 30 June 2023 The number of small businesses increased in all … and territories except Victoria. Victoria’s decrease can be attributed to a decrease in the number of small businesses … were 849,075 small businesses in New South Wales (NSW) on 30 June 2023. These accounted for 34% of all Australian small …
… were 849,075 small businesses in New South Wales (NSW) on 30 June 2023. These accounted for 34% of all Australian small … in the year to June 2023. Chart 1: Small business in NSW, 30 June 2023 “Currently Unknown” is comprised of a small … There were 594,855 small businesses in Greater Sydney on 30 June 2023, representing 70% of all small businesses in …
Australian Small Business and Family Enterprise Ombudsman Bruce Billson extract of interview with Gary Adshead.
6PR
Subject: Payment Times
Gary Adshead…
… TRANSCRIPT: Payment Times 01 February 2023 Australian Small Business and … of not receiving payment when you should. You will not be heartened by what you're about to hear, because according … big businesses pay their small business customers within 30 days and nearly a quarter are taking 120 days to pay up, …
The Australian Small Business and Family Enterprise Ombudsman, Bruce Billson, has welcomed the Australian Government’s announcement of a review of the Payment Times Reporting Act.
The review, to be chaired by former minister Craig Emerson, will…
… Ombudsman welcomes payment times review 06 December 2022 The Australian Small … 31% of big businesses paid small business customers within 30 days while 23% took an astounding 120 days to pay their … are waiting too long to have their invoices paid. “At a time when small and family businesses are facing headwinds, …
TRANSCRIPT
Australian Small Business and Family Enterprise Ombudsman Bruce Billson interview with Neil Mitchell.
3AW
Subject: Payment times
Neil…
… TRANSCRIPT: Payment Times 19 June 2023 TRANSCRIPT Australian Small … of Australia have said businesses should pay within 30 days. And let's be frank, 30 days isn’t spectacular. It's … of the skin. But, you know, happy to be getting up each day trying to do good things for small and family businesses. …
… increased in all states and territories in the year to 30 June 2021. These rises were spread across capital city and regional areas. Chart 1: Small Business by location, 30 June 2021 Excludes businesses not registered for GST. … capital city areas and 31% (716,609) in regional areas on 30 June 2021. This closely reflects the split of the …
By Bruce Billson
Herald Sun Tuesday 14th February 2023 400 words Page 21 | Section: OPINION
At a time when small and family businesses face headwinds, it’s not too much to ask that their big business…
… Paying on time tricky business (Op-ed) 14 February 2023 By Bruce … big businesses pay their small business customers within 30 days, while almost a quarter take more than 120 days to … of the assistance cases raised with my office relate to payment times, and it's pleasing the Australian government …
TRANSCRIPT
Australian Small Business and Family Enterprise Ombudsman Bruce Billson interview with Glen Bartholomew.
ABC News Radio
6 December 2022
…
… TRANSCRIPT: Payment Times for Small Businesses 06 December 2022 … the Business Council of Australia, committing to a 30-day payment window. Now, the most recent data, which shocked …
… to the survival of small and family businesses. Making payment information available to the public can help small … large businesses to improve their practices. The Payment Times Reporting Scheme (the scheme) requires large … as reporting entities), to report on their small business payment terms and times. Reporting entities must submit a …
Businesses with Commonwealth government contracts will have to pay their small business sub-contractors within 20 days or risk fines and penalties under new laws starting today, says the Australian Small Business and Family Enterprise Ombudsman, Bruce…
… Ombudsman welcomes faster payment times for small business sub-contractors 01 October … throughout the supply chain of their contract are paid on time by other sub-contractors. Under this policy, where disputes arise, small and family businesses will now be able to lodge a complaint through the Treasury at …
Australian Small Business and Family Enterprise Ombudsman Bruce Billson extract of interview with Rita Panahi.
Sky News
Subject: Payment Times
Rita Panahi…
… TRANSCRIPT: Payment Times 16 February 2023 Australian Small Business and … are paying their small business customers within 30 days. Joining me now is Australian Small Business and … Bruce Billson. Bruce, thank you so much for your time. Who are the worst performers here? That's a pretty poor …
The Australian Small Business and Family Enterprise Ombudsman, Bruce Billson, has urged small business owners to take time early in the new year to take stock of their mental and financial well-being.
“When you own a small business, it is just…
… Bruce Billson, has urged small business owners to take time early in the new year to take stock of their mental and … their mental and financial well-being. Sometimes it can be as simple as making time to pause, reflect and reconnect.” … stressors this involves. These include: Structuring their day to navigate ‘not enough hours in the day’ – pro-actively …
Australian Small Business and Family Enterprise Ombudsman Bruce Billson interview with Leon Delaney.
2CC Radio Canberra
Subject: Merchant transaction fees (least-cost routing)…
… like tap-and-go payments and other forms of electronic payment. And that would save both small businesses and … Billson. Good afternoon. Bruce Billson Leon, great to be with you and the Capital listeners. Leon Delaney Thanks … Now handling cash comes with a cost - the cost of the time that it takes to manage the cash, to hold the cash, to …
Small business owners and leaders have every right to be frustrated by the Reserve Bank’s review of retail payments regulations, says the Australian Small Business and Family Enterprise Ombudsman, Bruce Billson.
While some progress is being…
… 2021 Small business owners and leaders have every right to be frustrated by the Reserve Bank’s review of retail payments … and family enterprises paying more than they need to for payment services,” Mr Billson said. The Reserve Bank said it expected payment providers to “offer and promote least-cost routing” …