New Statement of Expectations for the Payment Times Reporting Regulator

Minister for Small Business Julie Collins has announced the release of a new Statement of Expectations for the Payment Times Reporting Regulator, which sets expectations for the Regulator to foster a culture of prompt payment times by increasing the visibility and accessibility of payment times data.

The Statement reinforces the Regulator’s role to support regulated entities to meet and comply with their obligations by providing appropriate guidance, education and practical tools, and adopting a proportionate approach to compliance action.

The Statement of Expectations is available on the Treasury website and the Payment Times Reports Register and dashboards are available on the Payment Times Reporting Regulator website.