Payment Times Reporting Scheme Portal

The Payment Times Reporting Scheme Portal can now be used for making payment times reports under the Payment Times Reporting Scheme.

The scheme applies to businesses that:

  • are constitutionally-covered;
  • carry on an enterprise in Australia;
  • meet the income threshold of over $100 million in total annual income; and
  • have a total annual income greater than $10 million and that are members of a group headed by a controlling corporation with a combined total income greater than $100 million.

Commonwealth corporate entities and Commonwealth companies who meet the income threshold are also required to report.

If a business meets the criteria, it is required to report the payment terms and practices for its small business suppliers. ‘Payment times reports’ must be submitted online twice per year.


If you found this article helpful, then subscribe to our news emails to keep up to date and look at our video courses for in-depth training. Use the search box at the top right of this page or the categories list on the right hand side of this page to check for other articles on the same or related matters.

David Jacobson

Author: David Jacobson
Principal, Bright Corporate Law
About David Jacobson
The information contained in this article is not legal advice. It is not to be relied upon as a full statement of the law. You should seek professional advice for your specific needs and circumstances before acting or relying on any of the content.

Print Friendly, PDF & Email

Your Compliance Support Plan

We understand you need a cost-effective way to keep up to date with regulatory changes. Talk to us about our fixed price plans.