Australia Post commits to small business payments initiative

Australia Post has committed to a new Business Council of Australia initiative that seeks to ensure payments to small businesses within 30 days through a voluntary payment code. “We welcome and support this initiative by the Business Council of Australia,” said Rebecca Burrows, General Manager Small Business.

“Australia Post already has work actively underway to ensure all identified small business suppliers are paid within 30 days or better. In July 2017, all existing and new Australia Post vendors will be invited to register on a new supplier portal to access a new, streamlined invoicing and payments process and this will be just the first step towards future improvements.”

In a statement issued today (13 June) Australia Post added that it also has a major project underway to implement a new, more streamlined payment system in 2018.