NSW Government to pay small businesses faster

EFTPOS machine

By December this year, small businesses that supply from $10,000 up to $1 million worth of goods or services to the NSW Government will be paid within 20 business days.

By December 2019, this will be reduced to five business days, making NSW the fastest government payer in Australia.

This is thanks to the newly-developed Payment Terms Policy, established because we recognise the importance of cash flow for small businesses.

The NSW Small Business Commissioner is leading the implementation process and will update small businesses during next month’s NSW Small Business Month.