As seen on Sunrise: Sign the prompt payment petition
Sunrise hosts David Koch and Samantha Armytage talk about how small businesses are being crippled because big businesses are not paying them on time. Globally, Australia ranks poorly when it comes to paying invoices - the average payment comes 20-25 days later than the due date.
With 70% of all businesses being family operated, small business owners have a lot riding on them, and being profitable is vital because they could lose everything.
To start a movement for implementing fair payment standards, a petition is being prepared by Small Business First, which will ask the government to set a Prompt Payment Code. The UK has had one in place since 2008 where 60% of the supply chain has signed up. It's high time Australia got one too.
Sign up the petition to support prompt payments for small businesses now.