Michaelia Cash (WA, Liberal Party, Minister for Employment, Skills, Small and Family Business) Share this | Hansard source

We are introducing a new framework for reporting of large-business payment times to small-business suppliers. The government will shortly introduce legislation into the parliament that will require businesses with an annual turnover of over $100 million to publicly report how and when they pay their small-business suppliers. This is all about improving payment outcomes for small businesses. We will release the exposure draft next week and introduce the legislation at the end of March. The payment times reporting framework will create transparency and enable small businesses and, indeed, the Australian public to know how and when they will be paid by big business. I look forward to widespread support for these measures.