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Payment times and practices in the news from around the country

 

SMALL BUSINESSES CAN GIVE FEEDBACK ON PAYMENT

February 1 2017 - North Coast Times

The Australian Small Business and Family Enterprise Ombudsma is inviting feedback from small businesses on payment terms and times as part of a national inquiry. 

 

OMBUDSMAN SURVEY

January 28 2017 - The Cairns Weekend Post

Payment terms and times for Far North Queensland small businesses are in the spotlight thanks to an Australian Small Business and Family Enterprise Ombudsman Inquiry. 

 

SMALL BUSINESS OMBUDSMAN WANTS FEEDBACK ON PAYMENT TERMS

January 27 2017 - The Advocate

The Australian Small Business and Family Enterprise Ombudsman is inviting feedback from small buisnesses in on payment terms as part of a national inquiry. 

 

SOLD SHORT ON LATE PAYMENTS

January 24 2017 - Adelaide Advertiser

Business practices which stop or delay payments to their trading partners are hindering small business survival and growth in Australia. 

 

OUR SMALL BUSINESSES ARE URGED TO ASSERT ON LATE PAYMENTS

January 23 2017 - Medowie News

Member for Paterson Meryl Swanson is urging small businesses to have their say on the way they are paid by big businesses and governments. 

 

PROBE INTO PAYMENTS

January 10 2017 - Inside Small Business

Big business and government payment practices across the coutry will be put under the microscope in an Australian Small Business and Family Enterprise Ombudsman Inquiry. 

 

INQUIRY TO LOOK AT PAYMENT PRACTICES OF BIG BUSINESS

30 November 2016 - Northern Territory News

An inquiry aimed at weeding out patterns of behaviour that are undernining the financial viability of small businesses and putting pressure on the entire economy has been welcomed by the Chamber of Commerce NT. 

 

PAYMENT PRACTICES UNDER THE SPOTLIGHT

19 November 2016 - Sydney Morning Herald

A government inquiry will look at how big businesses are treating the little guys. 

 

SOUND BITES - TIM REED, MYOB CHIEF EXECUTIVE 

17 November 2016 - The Daily Telegraph

It would be a positive move to see the government and big business put forward an initiative to implement a national prompt payment protocol to ensure small businesses are not being delayed payments by other businesses. 

 

ASBFEO LAUNCHES PAYMENT TIME INQUIRY

16 November 2016 - ATN online

Having earlier expressed concerns regarding payment time issues in the industry, Australian Small Business and Family Enterprise Ombudsman (ASBFEO) Kate Carnell has launched a "self-initiated" inquiry to determine a pattern of commercial arrangement between big and small businesses and identify practical solutions to address concerns.

 

WATCHDOG SNAPS AT BIG BUSINESS DEBTS

16 November 2016 - The Daily Telegraph

The fight to force big business to pay the $26 billion it owes to small business in late invoices ramps up today with the launch of an inquiry.

 

SMALL BUSINESS OWED OVER $26B

16 November 2016 - Skynews 

Big companies and governments are sending small businesses to the wall, owing at least $26 billion in unpaid invoices.

 

LATE DEBTS WREAK HAVOC

16 November 2016 - The Herald Sun

The small business watchdog will today launch a highly-anticipated inquiry into the growing trend for big business to pay their debts late. 

 

KATE CARNELL LAUNCHES INQUIRY INTO LATE PAYMENTS ON SMALL OPERATORS

16 November 2016 - The Australian

A number of big companies are effectively treating small enterprises as banks by delaying payments, small business ombudsman Kate Carnell has warned, as a new inquiry into payment times kicks off.

 

LATE PAYMENTS THE 'SILENT KILLER' OF SMALL BUSINESS

15 November 2016 - Financial Review

Big business and government could be penalised for delaying paying the invoices of their small-business suppliers in a new push by the Small Business and Family Enterprise Ombudsman to weed out unfair business behaviour.

 

INQUIRY LAUNCHED INTO PAYMENT TIMES

16 November 2016 - Business News WA

The recently appointed Australian Small Business and Family Enterprise Ombudsman has launched an inquiry into the payment practices of big businesses and governments acrross Australia. 

 

SMALL BUSINESS SEEK THEIR PAY DAY

16 November 2016 - nine.com.au

Big companies and governments are sending small businesses to the wall, owing at least $26 billion in unpaid invoices.

 

PAYMENT INQUIRY BEGINS

16 November 2016 - Townsville Bulletin 

The small business watchdog will today launch a highly anticipated Inquiry into the growing trend for big businesses to pay their debts late. 

 

INQUIRY TARGETS LATE BILL PAYERS

16 November 2016 - Gold Coast Bulletin

The small business watchdog will launch a highly anticipated inquiry into the growing trend for big businesses to pay their debts late.

 

SMALL BUSINESS OMBUDSMAN INQUIRY TO LOOK AT "THE ONE THING THAT WOULD CHANGE LIVES" FOR SMEs

16 November 2016 - Smart Company 

In an effort to reduce the serious impact of late payments on SMEs, the Australian Small Business and Family Enterprise Ombudsman is launching a new inquiry into payment times.

 

WHEN BUSINESS DOESN'T PAY ITS BILLS 

3 November, 2016 - The Daily Telegraph

Yesterday, I rang my supermarket. It was just a courtesy call, letting them know that from now on I would be paying for my groceries 60 days after scanning them at the checkout. I assured them it was nothing personal – simply a matter of improving my cash flow.

 

LATE PAYMENTS IMPACTING 3 IN 4 SMALL BUSINESSES

28 October, 2016 - Dynamic Business 

New research by MYOB highlighting the financial and emotional toll late customer payments are having on SME owners has prompted the cloud accounting provider to renew calls for federal government and big business to implement a solution.

 

LATE PAYMENTS A SIGNIFICANT BURDEN FOR SMALL BUSINESS

27 October, 2016 - iT wire

Late customer payments are weighing heavily on many of Australia’s small business operators with the effects of the problem impacting their personal finances and the ability to cover expenses such as rent and power.

 

HERE'S THE MESSAGE FROM AUSTRALIA'S SMALL BUSINESS SECTOR - PLEASE PAY YOUR BILLS

October 27, 2016 - Business Insider

Cashflow is the life blood of small business. Of course they have to find the customer, do the business, invoice the business, and then get paid to generate their cashflow. But two separate surveys released this week show that having completed the first 3 steps of this process Australia’s small business sector is reporting that late payments are causing them headaches. 

 

HOW SMALL BUSINESSES CAN DEAL WITH LATE PAYMENTS

26 August, 2016 - MYOB, The pulse

It’s a fact of life in Australia and elsewhere that small business suppliers are often bottom of the food chain for corporates. Even though they may provide vital products or services, small businesses have become used to “being flexible” on payments schedules and have suffered the frustrations of dealing with accounts offices at large companies chasing their payments.

 

OMBUDSMAN CALLS FOR ACTION ON LATE PAYMENTS TO SMALL BUSINESS

11 August 2016 - ABC Rural

A growing trend of deferring and delaying invoice payments is squeezing smaller businesses and has become a significant factors in business default, according to the sector's ombudsman.

 

WHY PAYMENT TERMS MATTER TO SMEs - AND THE ECONOMY

8 August 2016 - Smart Company

Michael West recently wrote a great article on payment terms. The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) is onto this topic as well and has taken submissions on changes to payment terms and their impact on small business.

 

PAY TIME: THE BIG SQUEEZE ON SMALL BUSINESS

1 August 2016 - Michael West

US cereal giant Kellogg’s and New Zealand milk multinational Fonterra have put the squeeze on local suppliers by stretching their payment terms out to a crushing 120 days.

 

LATE PAYERS: THE SILENT KILLER OR SMALL BUSINESS

July 2016 - Sydney Morning Herald

Large companies that treat small suppliers "with contempt" by delaying payment times are under the spotlight, with Small Business Ombudsman Kate Carnell saying the problem has become so critical that her office is seriously considering an inquiry.