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National Payment Transparency Register established

The Australian Small Business and Family Enterprise Ombudsman has established a National Payment Transparency Register to promote best practice in business-to-business payments. An inquiry earlier this year into payment times and practices recommended developing a national register. The inaugural publication shows the average time to pay ranges between 14 days and 40. Ombudsman Kate Carnell

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Royal Commission into banking sector announced

The Turnbull Government has announced it will establish a Royal Commission into the alleged misconduct of Australia’s banks and other financial services entities.All Australians have the right to be treated honestly and fairly in their dealings with banking, superannuation and financial services providers. The highest standards of conduct are critical

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Faster payments a ‘game changer’ for small business

The Australian Small Business and Family Enterprise Ombudsman has welcomed the Federal Government’s move to introduce 15-business-day payment terms for small business suppliers.The Government today announced the plan in its response to the Ombudsman’s April 2017 Inquiry into Payment Terms and Practices.The report found that late payments have been a perennial

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State Government moves to ensure WA’s biggest companies do their bit for budget repair

The McGowan Government has today introduced amendments to the Payroll Tax Assessment Act in State Parliament to introduce a temporary progressive payroll tax increase for the biggest companies in the State. From July 1, 2018 until June 30, 2023, Western Australian employers with an Australia-wide payroll exceeding $100 million -

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