30 Days to Pay

How it works

If a NSW government agency does not pay a small business within 30 days, the agency concerned must pay a penalty interest payment on the amount owed if the interest exceeds $20. The requirement to pay interest to small businesses is effective from 1 January 2012.

A late payment interest calculator is available to help small businesses work out the interest amount on their unpaid invoices so they know if they are eligible for a penalty payment.

All NSW government agencies will report their payment progress and performance on a quarterly basis to the Department of Finance, Services and Innovation. These reports will be published on this site from 2012 onwards.

More information

This policy is outlined in NSW Treasury Circular 11/12 Payment of Accounts.

NSW Government has a dedicated on-line small business resource and support centre on the NSW Small Business Commissioner website where there is more information on the 30 day payment terms initiative.

 

30 Days FAQs

Frequently Asked Questions on how the Department of Finance, Services and Innovation is applying the 30 day payment policy (NSW Treasury Circular 11/12) for small businesses.

Government reporting on this policy

In accordance with NSW Treasury Circular 11/21 NSW government agencies report on their payment performance in their annual reports. Payment performance for small business suppliers will appear in 2011-12 annual reports.

Late Payment Interest Calculator

The late payment interest calculator on this page to help small businesses work out the interest amount on their unpaid invoices so they know if they are eligible for a penalty payment.

Registering as a DFSI Small Business Supplier

If you supply goods and services to the Department of Finance, Services and Innovation (DFSI) you can register as a small business as long as you meet the eligibility criteria.

Registering as a Department of Industry Small Business Supplier

If you supply goods and services to the New South Wales Department of Industry, you can register as a small business as long as you meet the eligibility criteria.