Late payments at historic low

Australian businesses are paying overdue bills in the fastest time on record. The average time taken to settle a late payment now stands at the historic low of 10.4 days, down 17.7 per cent on the prior corresponding quarter.

Key Insights:

  • Late payment times lowest on record
  • ACT records annual drop of 23.1%
  • Prompt payments rise to 72%
  • Retail worst sector at 13.5 days
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