Date posted: 29/09/2021

Are you ready to report your payment times on 30 September?

Important information for reporting entities – regulator experiencing high volume of enquiries, extensions maybe available

In brief

  • First payment times reporting (PTR) deadline approaching for many entities
  • Refer to the guidance material on the Treasury website
  • COVID-19 – reporting extensions may be available on request

Payment Times Reporting (PTR) entities with a standard financial year (July – June), or calendar year (Jan – Dec) income years are required to submit a payment times report by 30 September 2021. Large businesses with over $100 million in annual turnover are reporting entities under the scheme. 

The PTR regulator has been experiencing a high volume of enquiries due to the significant number of entities preparing their first payment times report under the scheme. The PTR regulator has recommended that entities refer to the downloadable FAQs document as well as guidance material on the Treasury website before making an enquiry. 

COVID-19 impacts: Extension of time to submit a report 

For reporting entities experiencing COVID-19 related restrictions which have impacted their ability to submit a report by the 30 September deadline, the PTR regulator has noted that extensions can be granted where reports cannot be submitted on time for reasons that are exceptional, or out of the control of the reporting entity. Entities are encouraged to apply for an extension as soon as possible if these circumstances apply.

The payment times reporting framework is coming

What the framework means for your business. 

Read more

Payment Times reporting (PTR) – portal update and FAQs

The PTR reporting portal is now live. DISER has provided responses to some member questions.

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