Submission To The House of Representatives

03/08/2021 Mr John Alexander OAM MPChairThe House of Representatives Standing Committee on Infrastructure, Transport and CitiesPO Box 6021Parliament houseCanberra ACT 2600 Dear Mr Alexander, Inquiry into procurement practices for Government-funded Infrastructure I wanted to draw your attention to a serious issue we are seeing in our business, which is impacting a large number of SME […]

Enforced reverse factoring models are severely impacting SMEs

Last week the Australian Small Business and Family Enterprise Ombudsman (ASBFEO) Kate Carnell released their preliminary findings on the impact of supply chain financing (SCF) on the SME sector. The review was in response to concerns over the increasing number of big businesses using SCF (as a method of reverse factoring) as a way not […]

“Poor cash flow is the primary reason for business insolvency in Australia” – Kate Carnell

Poor cash flow is the primary reason for business insolvency in Australia” – Kate Carnell, Australian Small Business and Family Enterprises Ombudsman The Australian Small Business and Family Enterprises Ombudsman (ASBFEO) has released a report of large business payment terms, with the aim of measuring the impact of delayed payments on small business. Large businesses across […]

Small businesses asked for views to create Payment Register

Announced last November, the Australian Federal Government plans to introduce a national payment register that would force large businesses to report on how long it takes them to pay their suppliers.  This move, which would give small businesses the opportunity to ‘vet’ a potential relationship based on the company’s previous history, has been welcomed by […]

Australia’s worst payers to be ‘named and shamed’

Companies that inflict long payment terms on their small business suppliers are now facing the possibility of public naming and shaming under a review of payment times outlined this week by the Small Business Ombudsman, Kate Carnell. The review will include a survey of small businesses as well as request information on payment terms and […]