The Canberra Liberals are calling on the Labor-Greens Government to implement eInvoicing by 1 July 2022 to help small businesses and improve invoice payment times.
Shadow Minister for Regulatory Services Peter Cain said eInvoicing allows invoices to be exchanged digitally and automatically entered into an accounting system which greatly benefits business.
“This reduces admin costs for small business and ensures suppliers are paid quickly which boosts productivity,” Mr Cain said.
“It would also align the ACT’s payment system with the Federal Government which has been promoting eInvoicing across the country.”
Mr Cain criticised the Labor-Greens government for not committing to a timeframe to implement eInvoicing.
“The government couldn’t even tell me the average invoice payment time for suppliers because they don’t track the data.
“The ACT should be leading the nation on payment times given the importance of public sector spending to Canberra’s economy,” Mr Cain concluded.
Shadow Minister for Business Leanne Castley said thousands of businesses relied on income from government contracts and eInvoicing meant they would be paid faster.
“Rather than spending millions on failed programs like ChooseCBR eInvoicing benefits the entire business community,” Ms Castley said.“So many businesses and community groups deliver goods and services to government and eInvoicing means they get paid quickly,” Ms Castley concluded.