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
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.


Will your
procurement department appear on the naughty list? 


Find out how to
comply from 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/ 

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Category Legal
Type Presentations
Date Entered 15/02/2021
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