Business payments fastest on record

Late payment times for Australian business dropped to their lowest level on record in the final quarter of 2017, according to the latest illion analysis. The average late payment time for an Australian business was 11.9
days during the December quarter, down 17.5 percent from 14.4 days during the prior corresponding period.

Key Insights:

  • Mining slowest to pay
  • ACT records 28.5% annual fall
  • Late payments at historic low 11.9 days
  • 68% of bills paid on time
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