The Payment Times Reporting Regulator released their January 2025 update today. This update gives:
- payment times insights from Reporting Cycle 7 (1 January 2024 to 30 June 2024)
- information on the Regulator’s activities.
This is the first Regulator’s update from recently appointed Regulator, Robyn Beutel. In this update Robyn highlights her priorities for 2025:
- improve the completeness and quality of reporting
- broaden awareness of the Scheme
- create incentives for large businesses to improve their payment times and practices.
These priorities aim to get better outcomes for small businesses.
The Payment Times Reports Register now holds over 72,000 reports from over 12,000 registered reporting entities. View the register file and interactive register.
Save the date: Regulator’s liaison forum
The next Regulator liaison forum will be Wednesday, 19 February 2025. It is an opportunity to hear and engage with the Regulator and her team directly.
Previous attendees will receive a meeting invitation shortly. If you are interested in attending and do not have an invitation, email engagement@paymenttimes.gov.au.