Understanding the most important new law for procurement since the MSA – The new PAYMENT TIMES REPORTING ACT 2020 (VIRTUAL)

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Session held on 10th February 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

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.

Will your
procurement department appear on the naughty list? 

Find out how to
comply from this special PASA webinar session from KPMG 

guest expert presenter:

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


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Category Legal
Type Presentations
Date Entered 15/02/2021