From 1 December 2018, registered small businesses must be paid within 20 days.
NSW Government agencies must pay registered small businesses within 20 calendar days of receiving a correctly rendered invoice.
In December 2019, this will change to 5 business days of receiving a correctly rendered invoice.
This improves support to small business and help ensure they are paid on time.
View more information on the Faster Payment Terms on the NSW Small Business Commissioner website.