TPG25-04 NSW Government Faster Payment Terms Policy

In recognition of small businesses’ economic and social value to the State economy and local communities, the NSW Government has established a Small Business Charter and Action Plan, with the aim of backing small businesses.

The Faster Payment Terms policy aligns with action 3.4 of Action Plan, to deliver faster payments to small businesses, which assists with their cash flow and reduces the cost of supplying to the NSW Government.

TPG25-04 NSW Government Faster Payment Terms Policy replaces:

• TC11-12 Payment of Accounts policy
• TC11-20 Implementations of Penalty Interest on Late Payment of Accounts
• TC11-21 Annual Reporting on Payment of Accounts