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Terms of reference

Pursuant to Part 3 of the Australian Small Business and Family Enterprise Act 2015, the Australian Small Business and Family Enterprise Ombudsman will be conducting its first self-initiated inquiry into payment times and practices. As part of this Inquiry, the Ombudsman will look at the following:

  • The practice of corporations setting payment terms particularly for small businesses;
  • Trends in payment terms and late payment with emphasis on commercial dealings between small business with large corporations;
  • The effects and impacts that long payment times have on small businesses; and
  • Potential regulatory and market-based responses available including recent developments such as unfair contracts legislation.