Spotlight on small business payments in Pearce

Federal Member for Pearce, Christian Porter, says payment terms and times for Pearce small businesses are currently in the spotlight, thanks to an Australian Small Business and Family Enterprise Ombudsman inquiry.

“As I travel around my electorate and meet with local small businesses, I hear that cash-flow and payment terms are among the biggest issues small businesses face,” Mr Porter said.

“The Liberal Government understands how important cash-flow is for small business and this inquiry is seeking feedback from small businesses right across Australia to ensure payment terms are fair.

“Now is the time for local small business owners and operators to have their say about levelling the playing field on payment terms and ensuring small business bills are paid on time.”

As the first self-initiated inquiry of the Australian Small Business and Family Enterprise Ombudsman since the Government established the watchdog in March last year, the inquiry follows nation-wide consultation on issues that affected Australia’s 2.1 million small businesses during 2016.

“It is vitally important that Pearce small businesses take this opportunity to have their say so we can ensure the sector remains strong now and into the future,” Mr Porter said.

The Ombudsman will also seek input from State and Territory Governments and Authorities, State Small Business Commissioners, the Council of Small Businesses Australia and the Australian Institute of Credit Management, as well as businesses large and small.

The Ombudsman’s survey is open until the end of February 2017 and can be accessed here: http://asbfeo.gov.au/inquiries/payment-times-and-practices/business-survey. Written submissions or comments can also be emailed to inquiries@asbfeo.gov.au.

The report is expected to be presented to the Small Business Minister, Michael McCormack, in March 2017.