- In 2019 Australia adopted the Pan-European Public Procurement Online framework (PEPPOL)
- Australian Government announced as a part of the 2020-21 budget that they will seek to accelerate the adoption of PEPPOL
- e-Invoicing is a way to automate invoicing processes, lowering processing costs and payment lead time
The Australian Government announced as a part of the 2020-21 budget that they will seek to accelerate the adoption of PEPPOL (Pan-European Public Procurement Online) e-invoicing, starting with the public sector.
Treasury is currently seeking views on further actions that can be taken by Government to accelerate the adoption of PEPPOL e-invoicing int eh private sector, including option for mandatory adoption by businesses.
What is e-Invoicing?
e-Invoicing is the direct exchange of invoice data between financial systems. Similar with the way in which users on different mobile phone networks can speak to each other, e-Invoicing works through the Pan European Public Procurement Online (PEPPOL) interoperability framework. PEPPOL is currently used by over 30 countries.
e-Invoicing provides businesses, regardless of size or financial management system, with a way to automate their invoicing processes, lowering processing costs and the lead time in receiving payment from customers, as well as improving financial management visibility.
Australia & PEPPOL
In 2019, Australia adopted the PEPPOL (Pan-European Public Procurement Online) framework. In the same year, Trans-Tasman e-Invoicing formally launched in New Zealand and Australia with the Australian Commonwealth Government announcing they would start paying some e-Invoices within 5 days for PEPPOL suppliers.
Treasury is currently seeking views on PEPPOL e-Invoicing adoption including feedback on the barriers to businesses adopting PEPPOL, the costs and benefits of mandating PEPPOL as well as three options for the potential mandating of PEPPOL:
- Option 1: The Government should mandate that all businesses be able to send and receive PEPPOL e-Invoices, starting with large businesses.
- Option 2: The Government should mandate only that large businesses be able to send and receive PEPPOL e-Invoices.
- Option 3: The Government should take a non-regulatory approach to PEPPOL e-Invoicing adoption by businesses.
We are seeking views from members to help us shape CA ANZ's response.
Please contact the business reform team at email@example.com by Monday 11 January 2021.
Options for mandatory adoption of electronic invoicing by businesses
Read Treasury's consultation paper on options for mandatory adoption of electronic invoicing by businesses.Read paper
Trans-Tasman e-Invoicing officially launched
Find out more about the formal launch of e-Invoicing in New Zealand and Australia.Find out more