Regulator's Update | January 2024

Download

PTRS Regulator's Update January 2024 [DOCX 1.50 MB] PTRS Regulator's Update January 2024 [PDF 873 kB]

Summary  

​The Payment Times Reporting Act 2020 has been in operation for over 3 years, with more than 11,000 reporting entities registered under the scheme and almost 50,000 payment times reports as at 31 December 2023. 

​About the Regulator’s Update 

​The Payment Times Reporting Regulator releases a Regulator’s Update every 6 months, with information about the Payment Times Reporting Scheme and the Regulator’s current and planned activities. 

​Read the Regulator’s Update | January 2024 to find out about progress of the scheme, including insights from the latest payment times reports that shows the payment performance of large businesses. 

Explanation of change in referencing reports by date range

In the Regulator's Update | January 2024, there was a shift in referencing to use date ranges (ie Jan 2023 - June 2023), rather than the former practice of using reporting cycles (ie reporting cycle 5). This change was thought to provide more clarity to the period the data related to and the Regulator accepts this could have been signalled more clearly in the publication. 

Reports are assigned to a reporting cycle or date range, based on the reporting period start date. For example, a report with a reporting period start date of 15 March 2022 will be categorised as reporting cycle 3 for the purpose of payment times reporting.

  • Reporting cycle 1: 1/01/2021 – 30/06/2021
  • Reporting cycle 2: 1/07/2021 – 31/12/2021
  • Reporting cycle 3: 1/01/2022 - 30/06/2022
  • Reporting cycle 4: 1/07/2022 - 31/12/2022
  • Reporting cycle 5: 1/01/2023 - 30/06/2023

Related information