Lodge Payment Times Reports (large business)
Large businesses (>$100M revenue) must report payment times to small business suppliers every 6 months.
Who must comply
Reporting entities with annual income >$100M.
What triggers it
Meeting the income threshold.
When due
Twice yearly: 3 months after end of each 6-month reporting period.
Evidence required
Report submitted via Payment Times Reporting Portal; supporting payment data.
Max penalty
Civil penalties up to ~$16.65M (corporations) for failure to report or false statements
Summary
The Payment Times Reporting Act 2020 (Cth) requires entities (or members of consolidated groups) with consolidated income above $100M to report payment terms and times to small business suppliers. Reports submitted to the Regulator twice yearly. Slowest payers named publicly.
Enforced by
Source legislation
Topics
Related obligations
- CWLTHPrepare for the proposed removal of the small business exemptionRemoving the Privacy Act small business exemption (<$3M turnover) is proposed for a future reform tranche — agreed in principle, not yet law.
- CWLTHSimplified Debt Restructuring (small business)Small companies (<$1M liabilities) can use SDR to restructure without full external admin.
- CWLTHInstant Asset Write-Off (annually re-set threshold)SBE asset write-off threshold reset annually; $20,000 for FY25-26.
Frequently asked questions
- Who must comply with Payment Times Reports (large business)?
- Reporting entities with annual income >$100M.
- What triggers Payment Times Reports (large business)?
- Meeting the income threshold.
- When is Payment Times Reports (large business) due?
- Twice yearly: 3 months after end of each 6-month reporting period.
- What is the maximum penalty for Payment Times Reports (large business)?
- Civil penalties up to ~$16.65M (corporations) for failure to report or false statements
- What evidence is required for Payment Times Reports (large business)?
- Report submitted via Payment Times Reporting Portal; supporting payment data.
Source: https://paymenttimes.gov.au. Rules Mate is not a law firm. Always verify against the live regulator source before acting.