Small suppliers ‘acting as cheap finance for multinationals’

Australia’s small business watchdog has urged the Australian government to set a maximum payment time for big businesses to pay small suppliers as it claims payment delays for SMEs are increasing.

The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) has released a report from its inquiry into payment times and practices, identifying a growing trend for Australian and multinational companies to delay payments by up to 120 days.

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Small suppliers ‘acting as cheap finance for multinationals’

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