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Faster Payment Terms
The NSW Government's Faster Payments Policy commits to paying eligible small businesses that do business with the NSW Government within 5 business days.
The Commission maintains the NSW Government’s Faster Payments Policy for small business, including promoting awareness of the policy.
The Faster Payments Policy commits to paying eligible small businesses that do business with the NSW Government within five business days.
Registered small businesses that supply to in-scope government departments will be paid within five business days of central payment departments receiving a correctly rendered invoice for goods or services up the value of $1 million. Payments up to $10,000 can also be paid instantly.
You can now select an option to register your business for Faster Payments Terms through your supplier profile on the buy.nsw Supplier Hub portal.
Read more about the Faster Payments Terms Policy, including eligibility criteria and a list of participating Government agencies.