Independent Contractors of Australia advice…
According to the Adelaide Advertsier (26 February), the Minister for Independent Contractors has announced that new legislation will be introduced to require government departments to pay small businesses and independent contractors within 30 days of invoice or be charged penalties and interest. This is a positive development that will have particular impact in the IT sector for example. For more details, see the original press release here.
Certainly in our experience, the government has not always been very good at paying on time… so being able to know charge penalty interest is a step in the right direction. But will they accept the charge?
hhmmmm that is the question…
