Treasury invited feedback on 3 draft guidance notes for the Payment Times Reporting Scheme.
The updated guidance was intended to assist reporting entities to meet their obligations and understand our expectations when undertaking compliance activities. The need for updated guidance was identified after reviewing enquiries and reports from the first year of operation of the scheme.
The draft guidance and this consultation paper were available for comment for a 6-week period. The results of the consultation are outlined in the Consultation response summary.