---
title: "Payment times report: who reports and when the two reports fall due"
url: "https://ailawframework.com/precedents/in-house-general-counsel/payment-times-report-diary"
type: "precedent"
site: "AI Law Framework"
id: "a40-payment-times-report-diary"
area_id: "A40"
kind: "checklist"
ai_level: "yellow"
version: 1
task_ids: ["A40-D20261018-8"]
law_stated_as_at: "2026-10-22"
---

# 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.…

Canonical page: https://ailawframework.com/precedents/in-house-general-counsel/payment-times-report-diary  
Law stated as at: 2026-10-22

Site index for agents: https://ailawframework.com/llms.txt

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.

## Key facts

- Kind: Checklist. Steps or checks to work through and tick off.
- Practice area: [In-House / General Counsel](https://ailawframework.com/precedents/in-house-general-counsel.md)
- Jurisdictions: Australia, Commonwealth
- AI level: Yellow. You and the tool draft together, with you directing. You check every statement you rely on.
- Law stated as at: 2026-10-22
- Status: Maintained. Checked on 2026-10-22 against the 2 authorities it cites, for Australia and Commonwealth.

## 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

- [Prepare the payment times report from the accounts payable data](https://ailawframework.com/practice/in-house-general-counsel/prepare-the-payment-times-report-from-the-accounts-payable-data.md)

## 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

## Authorities

- [Payment Times Reporting Scheme, Who must report and when (two reports a year, each within three months after the six-month period)](https://paymenttimes.gov.au/reporting/who-must-report-and-when)
- [Payment Times Reporting Scheme, About the scheme (commenced 1 January 2021; Payment Times Reporting Act 2020, Rules 2024, and the 2024 form-and-manner instrument)](https://paymenttimes.gov.au/about/about-payment-times-reporting-scheme)

## Full text and drafting notes

The full text and the drafting notes are not part of this public page. Signed-in firm accounts can read them at https://ailawframework.com/precedents/in-house-general-counsel/payment-times-report-diary and through the signed-in MCP connector https://ailawframework.com/mcp/firm.

*Practice guidance for planning and review. Confirm current primary sources and the requirements of the actual matter. This is general information, not legal advice.*