PROMOTIONAL PACK: ON-TIME PAYMENT POLICY
Support small business with faster payment terms!
Thousands of Queensland small businesses from across the state are benefitting from the Queensland Government On-time Payment Policy (OPP).
The OPP supports small businesses across the state through a commitment to paying all eligible invoices from small business suppliers within 20 calendar days.
The commitment to pay invoices from small businesses supplying to the Queensland Government within 20 calendar days supports their cashflow and puts them in stronger positions for future growth.
Small business supplier details are uploaded into agency finance systems and the On-time Payment register which helps identify them and ensure they get paid within 20 calendar days.
We all have a role to play in ensuring invoices are processed as quickly as possible.
Please encourage your small business suppliers to register their details on the On-time Payment Small Business Register, which is available on the Business Queensland website. This will help agencies identify small business suppliers and ensure they get paid faster.
Should payment not be received within 20 calendar days, the small business can lodge a claim for penalty interest.
In 2020–21, on average across all agencies, 89.4 percent of invoices from known small businesses were paid on time and 89.3 percent in 2021–22.
Help spread the word 📢
Please promote this initiative through your internal and external channels so that we can continue to support small business with faster payment terms. The On-time Payment Policy is part of the Queensland Government's commitment to backing small business, strengthening and growing the sector, and improving cash flow to small business.
For more information, visit www.business.qld.gov.au/on-time-payment
Social media
Easy-share content
Below is some content you can use to create your own posts. Please don't forget to tag us @businessqldgov
We'll be posting more on our Business Queensland Facebook and DESBT LinkedIn pages too, so please follow us and share away!
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| Copy for Facebook
Are you a small business supplying to the Queensland Government? |
Copy for LinkedIn Small businesses supplying to the Queensland Government can register to be paid faster, within 20 calendar days. The Queensland Government’s On-time Payment Policy demonstrates its commitment to supporting small businesses with 20 calendar day payment terms for all small businesses supplying to government. The policy is part of the Queensland Government’s commitment to backing small business, strengthening and growing the sector, and improving business cashflow. Registration is quick and easy and will help small business suppliers get paid faster. Learn more at www.business.qld.gov.au/on-time-payment and please promote the policy across your small business networks. |
Email banners
Below are some email banners that you can download and use to promote the On-time Payment Policy.
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Poster
Here are two downloadable A4 PDF Poster that you can print to promote awareness of the On-time Payment Policy.
Option 1 or Option 2
Newsletter content for other agencies
External audience/s:
Are you a small business supplying to government? Get paid faster.
The Queensland Government’s On-time Payment Policy demonstrates its commitment to supporting small businesses with 20 calendar day payment terms for all small businesses supplying to government.
The policy is part of the Queensland Government’s commitment to backing small business, strengthening and growing the sector, and improving small business cash flow.
Register your details in the On-time Payment Small Business Register so your small business is recognised as a supplier to government. Registration is quick and easy, and will help ensure your invoice is paid within 20 calendar days.
To find out more about the On-time Payment Policy visit business.qld.gov.au/on-time-payment.
Internal audience/s:
Supporting small business with faster payment terms
The Queensland Government On-time Payment Policy continues to support small businesses across the state by continuing to pay all eligible invoices from small business suppliers within 20 calendar days.
All agency staff have a role to play. You can help by encouraging your small business suppliers to register their details on the On-time Payment register.
Small business supplier details are uploaded into agency finance systems which helps identify them and ensure they get paid within 20 calendar days.
If you are approving or processing invoices, please take all steps to ensure invoices are approved and processed as quickly as possible.
Under the OPP, all agencies are required to publish payment performance data quarterly on the Open Data website. Your efforts to ensure the efficient processing of invoices not only helps small business suppliers, it also improves your agency’s performance result.
Speak to your finance team to find out more about the OPP and how you can play a part in making sure small businesses get paid on time, or visit business.qld.gov.au/on-time-payment
Contact us
Contact us if you need any alternative formats for your communication channels or have any other requests or questions.
Thanks for your support.
Regards
Communications team
Department of Employment, Small Business and Training
communication@desbt.qld.gov.au
Web www.business.qld.gov.au/on-time-payment | Contact us
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