Businesses in Tasmania and ACT get paid fastest

Feb 13, 2018

Businesses in Tasmania and ACT get paid fastest. Here’s why.

The problem of late payments is a recurring one for Australian small businesses. The average business was paid four days late at the end of 2017, Xero data shows.

But a closer look reveals two Australian locations that stand out: Tasmania and the Australian Capital Territory, where businesses get paid on time or even early.

If paying late is common across Australia, what do these two locations do differently? And are there practices that other states and their small businesses can adopt to shorten their own payment times?

Read more here..


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