Business pay bills in record time
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.
- Late payment times down across all sectors
- Retail worst sector to pay 15.5 days
- ACT remains highest region for late payments
- Big business latest to pay for 18th straight quarter
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