An update on the new Payment Times Reporting Act 2020 (VIRTUAL)

Session held on 5th August 2021

About this session

This new bill became law on 1st January 2021 and requires large organisations (over $100m income), including public sector bodies, to pay their small suppliers (under $10m revenues) within 30 days – with no excuses.

Fines for non-compliance can reach 0.6% of turnover – say, $180m for a major bank for instance.

Worse for most, especially public sector bodies, is that the Federal Government plan to “name and shame” non-conforming organisations very quickly on a new public website 31st March.

Ensure you are complying and find out other valuable information during this special PASA webinar session from KPMG.

Your guest expert presenter:

Vince Dimasi is a partner at KPMG and leads the national KPMG Working Capital Advisory & Payment Times Reporting team.

https://www.linkedin.com/in/vince-dimasi-378b2522/

details

Download Presentation Slides
Category Legal
Type Agendas, Virtual Round-table Recording
Date Entered 06/08/2021
...