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.

Summary

A summary of the submissions made in the recent consultation process and the changes we made to Guidance Materials in response is available to download. We saw strong interest in the content of the new reports during the consultation sessions and in the submissions we received.

Summary

The Payment Times Reporting Act 2020 has been in operation for over 4 years. Under the scheme, as at 31 July 2024, there were: