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Peak industry body applauds today’s announcement to commit to shorter payment periods for contractors

November 23, 2017

A decision by the Australian Government mandating that all government departments pay small to medium business invoices for completed contract work within 20 calendar days has been applauded by Australia’s peak body for the recruitment and staffing industry.

 

The changes apply to all contracts valued up to one million dollars and is a vast improvement on the current standard 30 day payment window offered by many government departments.

 

Charles Cameron, CEO of RCSA, said today’s announcement demonstrates that the government understands the importance of cash flow for small business and, critically, its own role in promoting sustainable and responsible business practices.

 

 Pictured: RCSA Charles Cameron second from right at a roundtable with the Australian Prime Minister Malcolm Turnbull.

 

“Leadership on procurement and business terms for small business in Australia is critical to ensure that they can maintain sustainable and scalable business practices,” Mr Cameron said.

 

“This is great news for our members on many levels. Many of our members fit within the small to medium business category and, furthermore, our members work directly with small to medium businesses in finding them tomorrow’s staff. To know that our members and their valued clients will be