The Payment Times Reporting Scheme is administered under the Payment Times Reporting Act 2020. Access the legislation and guidance, plus read about the history of the scheme. 

The Payment Times Reporting Scheme is administered under the:


Guidance is available to help reporting entities to comply with their obligations and understand how the regulator administers the Act. 

Guidance notes provide detailed guidance and practical examples to assist reporting entities to comply with their obligations and understand how the regulator interprets the law. 

Information sheets are short guidance documents on a specific process or function. 

History of the scheme 

In November 2018, the Australian Government announced it would implement a Payment Times Reporting Scheme.

In early 2019, consultation began on the design and development of the scheme, with involvement from large businesses, small businesses, industry groups and government agencies. Consultations included discussion papers, workshops, survey of small business stakeholders, targeted meetings and an exposure draft of the legislation and subordinate legislation.

The Payment Times Reporting Act 2020 received Royal Assent on 14 October 2020 and came into effect on 1 January 2021.

The scheme had a 12-month transition period before compliance and enforcement powers commenced. Reporting entities were required to report during the transition period which ended on 31 December 2021. 

Consistent with requirements under section 57A of the Act, an independent statutory review of the operation of the Act will occur in the first half of 2023. 

A report resulting from the review will be provided to the Minister for Small Business.

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