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Australia

Please see below for a summary of payment terms in Australia and the various industries across which payment term legislation appears. You can also download a summary of all Australian payment terms by clicking the button below.
Industries Laws Codes Notes
Construction
Manufacturing
Retail/Agriculture

LAWS

The Construction Contracts Act limits payment terms to a maximum of 42 days. Where no terms in a contract exist payment must be made within 28 days of a request.

  • Construction
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The Australia Payment Times Reporting (Consequential Amendments) Bill 2020 requires all companies with turnover of more than $100m to report on their payment terms and practices for small business suppliers every six months.

CODES

The Business Council of Australia promotes the Australian Supplier Payment Code where members commit to pay suppliers within 30 days.

NOTES

The Australian government has committed itself to pay e-invoices within 5 days and all other other small supplier invoices within 20 days.

The Australian Small Business and Family Enterprise Ombudsman has investigated commercial payment terms to SMEs and the government is debating introduction of additional laws.

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