Checklist · In-House / General Counsel
Payment times report: who reports and when the two reports fall due
Diary for a payment times report under the Payment Times Reporting Scheme. A reporting entity gives two reports a year, each within three months after a six-month period. The revenue-threshold amount is not on the pages that were opened.
- Kind
- Checklist. Steps or checks to work through and tick off.
- Where it applies
- Australia, Commonwealth
- AI use
- Yellow You and the tool draft together, with you directing. You check every statement you rely on.
- Law stated as at
- 22 October 2026
- Status
- Maintained. Checked on 22 October 2026 against the 2 authorities it cites, for Australia and Commonwealth.
- Version
- 1
- Source
- Written for this library
When to use it
Use when the organisation may have to report payment terms and practices for small business suppliers. The guidance material that states the revenue threshold was not opened. Do not insert a dollar figure.
Used for these tasks
Each task page says how far AI may help with the task and what the lawyer must review.
How AI may be used
AI may place the financial-year dates into the two reporting periods and the three-month deadlines. The lawyer decides whether the entity is a reporting entity.
AI may
- Record the entity's financial year and the two six-month periods
- Record a date three months after each period ends
- Note whether the lawyer has marked the entity as reporting for itself, as a nominee, or as a subsidiary reporting entity
AI must not
- Must not state a revenue threshold in dollars
- Must not decide that an entity is constitutionally covered or connected to Australia
- Must not prepare the report contents beyond the categories the about page names
The lawyer checks
- The entity is a constitutionally covered entity, has a connection to Australia, meets the revenue threshold in the guidance, and is not excluded
- Each report is due within three months after the period, or an extension has been applied for
- The report covers standard payment terms, actual payment times, and supply chain finance, as the about page states
Method: how the Green, Yellow and Red levels are decided. This is guidance for planning, not legal advice.
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The summary, the law it rests on and the AI-use guidance above stay public. Privacy.
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