(1)   From 3 December 2007 to 19 March 2009:

(a)   how many and what percentage of payments made by the Minister’s department to small businesses were not made within (i) 30, and (ii) 60 days of receipt of the goods or services and an invoice; and

(b)   what was the average time lapsed between invoice received and payments made by the Minister’s department to small businesses.

Australian Accounting Standards Board

(1)  

(a)   none.

(b)   15 days.

Australian Bureau of Statistics

(1)  

(a)  

(i)   1070                             3.5%

(b)   8.36 days*

(ii)  

  

   320

   (b)   8.36 days*

* Payments made by AGCC have been treated as same day payments and consequently recorded as zero days elapsed.

Australian Competition and Consumer Commission

(1)  

(a)  

(i)   0.03%

(b)   Approximately 25 days*

(ii)  

  

   Nil

   (b)   Approximately 25 days*

* The ACCC systems do not provide this information from any reports. The information was obtained using statistical sampling and extrapolating the results. The estimates above relate to the period 1 July 2007 to 30 June 2008.

Australian Office of Financial Management

(1)  

(a)  

(i)   5 invoices (5%)

(b)   The average time lapsed between invoice received and payments made was 8 days.

(ii)  

  

   Nil

   (b)   The average time lapsed between invoice received and payments made was 8 days.

Australian Prudential Regulation Authority

(1)  

(a)   and (b) APRA’s intention is to make payments to suppliers within 14 days of receipt of a correctly rendered invoice by its Finance Department. The average time lapsed between receipt of the invoice by the Finance Department and payment to suppliers is 16 days.

Australian Securities and Investment Commission

(1)   From 3 December 2007 to 19 March 2009:

(a)   7,694 invoices from small businesses were paid by ASIC, of these:

(i)   1,247 or 16% were paid more than 30 days from the date of invoice; and

(ii)   433 or 5% were paid more than 60 days from the date of invoice.

(b)   The average time lapsed between invoice received and payments made by ASIC to small businesses was 28 days.

Australian Taxation Office

(1)   (a)  

1 July 2007 - 30 June 2008	Paid within 30 days (paid on time)	Paid within 31 - 44 days (up to 14 days late)	Paid within 45 - 60 days (up to 30 days late)	Not paid within 60 days (>30 days late)	Total
Number of invoices (‘000)	10.268	0.336	0.022	0.041	10.667
% of invoices by number	96.26%	3.15%	0.21%	0.38%	100.00%
Value of invoices ($ ‘000)	31251.71	378.81	15.08	26.85	31,672.45
% of invoices by value	98.67%	1.20%	0.05%	0.08%	100.00%

                 

Corporations and Markets Advisory Board

(1)  

(a)   None

(b)   3 days

Inspector-General of Taxation

(a)  

(i)   13%

(ii)   6%

(b)   20 days

National Competition Council

(1)   From 3 December 2007 to 19 March 2009:

(a)   i) Nil

(ii)   Nil

(b)   The Council recorded an average of 8 days from date of receipt of an invoice to the date payment was made to small businesses.

Productivity Commission

(1)   From 1 July 2007 to 30 June 2008

(a) (i)   Nil

(b)   11 days

Royal Australian Mint

(1)   For the period 1 July 2007 to 30 June 2008, the Royal Australian Mint made payments to small business as follows:

(a) (i)   172 payments (14.71%) were not made within 30 days of receipt of goods and              services and an invoice

(b)   The average time lapsed between invoice received and payments made by the Royal Australian Mint to small businesses is 27 days.

The Treasury

(1)  

(a)   Treasury’s Financial Management Information System is unable to differentiate between payments to small business and other payments. The statistics below are based on ALL payments made by Treasury over the period 1 July 2007 to 30 June 2008.

All Treasury Payments 1 July 2007 - 30 June 2008	Paid within 31-60 days	Not paid within 60 days
	(up to 30 days late)	(30 days late)
Number of invoices	101	79
% of invoices by number	1.06	0.83

(b)   The average time lapsed between invoice received and payment made for all invoices paid by Treasury between 1 July 2007 and 30 June 2008 was 14 days.