METS Ignited is highlighting an inquiry into payment practices in Australia, with a reminder for interested mining equipment, technology and services (METS) sector members to have their say before submissions close.
Chief executive officer Ric Gros said the aim of the government inquiry was to establish an accurate picture of trends around the commercial arrangements between large and small businesses as well as governments and small enterprise.
The inquiry will assess the impacts these customer payment practices are having and will identify practical solutions that can be implemented quickly and effectively to help address identified problem areas.
It is being conducted by the Australian Small Business and Family Enterprise Ombudsman, in partnership with the Small Business Commissioners in New South Wales, Victoria, South Australia and Western Australia, and in association with the Council of Small Business Australia and the Australian Institute of Credit Management.
The ‘Payment Times and Practices’ Inquiry is the first self-initiated inquiry undertaken by the Australian Small Business and Family Enterprise Ombudsman (ASBFEO) Kate Carnell.
She said it was aimed at weeding-out patterns of behaviour that were undermining the financial viability of small businesses and putting pressure on the entire economy.
Submissions close January 13 2017
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