Faster Payment to Boost SME Printer Business

Originally written and published by print21 at print21.com .au
Faster payments for government printers

The Government will now be required to pay invoices for contracts worth up to $1 million within 20 calendar days, an improvement from the current policy of 30 days.
Based on print21.com.au, the move was announced by Prime Minister Malcolm Turnbull (pictured right) at an Australian Chamber of Commerce and Industry (ACCI) Small Business Roundtable attended by PIAA CEO Andrew Macaulay (pictured left) and two association members.

“This will put money back in the pockets of small business, helping them invest, grow and employ more workers,” said Minister for Small Business, Michael McCormack. “It is a major win for the 6,800 Australian small businesses that work with the Commonwealth. It demonstrates the Government’s continued commitment to small business, the engine room of employment in Australia.”
Macaulay met with Turnbull and McCormack during the event and raised a number of other issues, including: energy and the impact on small business; penalty rates and workplace reform; migration and the impact of the recent changes to skilled foreign worker visas; the burden of payroll tax; VET and the importance of apprenticeships and investment in vocational training generally; the need for a longer term commitment to instant asset write-off for small businesses; and red tape and maintaining momentum on regulatory reform.
“The meetings are part of the ongoing engagement that PIAA is having with both the Federal Government and Opposition, prosecuting policy objectives set by our members,” Macaulay said.