Power imbalance: data reveals “woeful” payment times by large retailers
Inside Retail
FEBRUARY 8, 2023
According to data analysed by ASBFEO of 7,000 big businesses collected by the federal government’s Payment Times Reporting Regulator , only 24 per cent of big businesses in the retail sector are paying its small business customers within 30 days. This was introduced as a mechanism to increase transparency, and improve payment performance.
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