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Bruce Billson, the Australian ³Ô¹ÏÍø and Family Enterprise Ombudsman sat down with Nick Fox, Deloitte’s Payment Times Reporting Lead to discuss the recent release of the first Payment Times Reporting Register.

Below is a summary of the discussion:

• There is optimism in the positive role played by the Register to help reduce the time it takes to pay small business suppliers
• Some large businesses have indicated a commitment to improve and that it is a time of transition
• The Register is a great accountability tool to help small businesses make judgements about supplying and on what terms
• The overall focus and public discourse over the Register is seen as a constructive way to help recognise this important corporate governance performance criteria
• Good business pays and the Register helps to encourage and report on that.

Watch the full video