Finance Circular 2004/14

Discounts for prepayment and early payment

Purpose

This circular provides guidance to Financial Management and Accountability Act 1997 (FMA Act) agencies to assist in assessing when it is appropriate to agree to either:

  • prepay a contract to receive a discount before the goods or services have been performed or delivered; or
  • make an early payment to receive a discount on the invoiced amount after the goods or services have been performed or delivered.

It also provides guidance to agencies on when to consider applying this discount policy.

Full Publication

Discounts for prepayment and early payment PDF version [PDF Document 228 KB]
Discounts for prepayment and early payment RTF version [RTF Document 625 KB]

Copyright Notice

© Commonwealth of Australia 2004
This work is copyright. You may download, display, print and reproduce this material in unaltered form only (retaining this notice) for your personal, non-commercial use or use within your organisation. Apart from any use as permitted under the Copyright Act 1968, all other rights are reserved. Requests and inquiries concerning reproduction and rights should be addressed to Commonwealth Copyright Administration, Attorney General’s Department, Robert Garran Offices, National Circuit, Barton ACT 2600 or posted at http://www.ag.gov.au/cca [External Site]

Contact for information on this page: Banking@finance.gov.au