Understanding the most important new law for procurement since the MSA – The new PAYMENT TIMES REPORTING ACT 2020 (VIRTUAL)

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Session held on 10th February 2021

About this session

"Times New Roman";color:#333333;mso-fareast-language:EN-AU">This new bill became
law on 1st January 2021 and requires large organisations (over $100m income),
including public sector bodies, to pay their small suppliers (under $10m
revenues) within 30 days – with no excuses. 

"Times New Roman";color:#333333;mso-fareast-language:EN-AU">Fines for
non-compliance can reach 0.6% of turnover – say, $180m for a major bank for

"Times New Roman";color:#333333;mso-fareast-language:EN-AU">Worse for most,
especially public sector bodies, is that the Federal Government plan to “name
and shame” non-conforming organisations very quickly on a new public website
31st March.

"Times New Roman";color:#333333;mso-fareast-language:EN-AU">Will your
procurement department appear on the naughty list? 

"Times New Roman";color:#333333;mso-fareast-language:EN-AU">Find out how to
comply from this special PASA webinar session from KPMG 

guest expert presenter:

"Times New Roman";color:#333333;mso-fareast-language:EN-AU">Vince Dimasi is a
partner at KPMG and leads the national KPMG Working Capital Advisory &
Payment Times Reporting team.

https://www.linkedin.com/in/vince-dimasi-378b2522/ "Times New Roman";color:#333333;mso-fareast-language:EN-AU">  "Times New Roman";color:#333333;mso-fareast-language:EN-AU">


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Keywords contracts, legal
Category N/A
Topic / Interest Contracting & contract management, critical points through the contract lifecycle, Procurement and the Law
Type Presentations
Role N/A
Date Entered 15/02/2021