Australia Post has announced its commitment to a new Business Council of Australia initiative that seeks to ensure payments to small businesses within 30 days through a voluntary payment code.
As well as improving small business cash flow, the code asks signatories to help suppliers improve their own invoicing and payment practices, provide clear information and guidance on their procedures, and offer effective dispute resolution.
“We welcome and support this initiative by the Business Council of Australia,” said Rebecca Burrows, General Manager Small Business.
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