Page 1520 - Week 05 - Thursday, 13 May 2021
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(3) Does the ACT Government track invoice payment times to companies that contract to the ACT Government.
(4) What are the target payment times by the ACT Government on company invoices and if the standard is not universal, can the Minister provide an appropriate breakdown to show how they differ across the ACT Government.
(5) What are the average invoice payment times for companies that contracted to the ACT Government for the financial years of (a) 2017-18, (b) 2018-19, (c) 2019-20, (d) 2020-21 and (e) 1 July to 31 December 2020.
(6) If there is a target payment time, what percentage of the invoices referred to in part (5) were paid on time and can the Minister provide a breakdown by directorate.
(7) What are the average invoice payment times for companies that contracted to the ACT Government and invoiced less than $100,000 for the financial years (a) 2017-18, (b) 2018-19, (c) 2019-20, (d) 2020-21 and (e) 1 July to 31 December 2020.
(8) If there is a target payment time, what percentage of the invoices referred to in part (7) were paid on time and can the Minister provide a breakdown by directorate.
(9) What are the average invoice payment times for companies that contracted to the ACT Government and invoiced less than $20,000 for the financial years (a) 2017-18, (b) 2018-19, (c) 2019-20, (d) 2020-21 and (e) 1 July to 31 December 2020.
(10) If there is a target payment time, what percentage of the invoices referred to in part (9) were paid on time and can the Minister provide a breakdown by directorate.
Mr Steel: The answer to the member’s question is as follows:
(1) The ACT’s invoice payment process is automated but at this stage does not incorporate e-invoicing. The ACT Government supports the e-invoicing initiative and is working with the Commonwealth Government to ensure national consistency for the planning and implementation of e-invoicing. As the ACT will be required to upgrade its current automated invoice system as part of the e-invoicing initiative, a body of work will be required to effectively scope, cost, procure and roll out a new e-invoicing capability.
(2) Yes, refer to (1) above.
(3) Yes, supplier payment times are tracked and currently 94 percent of invoices are paid within 14 days. Where a supplier has a contract with a specific payment term, payments are made in accordance with that contract.
(4) As part of the ACT Government’s commitment to support business during the Covid-19 health emergency, the Government announced it would reduce the standard payment terms from 28 days to 14 days. Currently all suppliers are paid within 14 days from the date of a correctly rendered invoice. Where a supplier has an agreed contract term which is less than 14 days, payments are made in accordance with that contract.
(5) This data is not tracked for contracted companies.
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