Pay on time policy

Supplier pay on-time or pay interest policy

This Resource Management Guide (RMG) takes effect from 1 July 2019 and replaces the former RMG 417 (dated 2016).

Non-corporate Commonwealth entities must make payment to a supplier within 20 days, following receipt of a correctly rendered invoice issued under a contract valued at A$1 million (GST inclusive) or less.

Where payment is not made in full within the maximum payment terms, the non-corporate Commonwealth entity must pay interest to the supplier on the outstanding amount, where the amount of interest accrued is more than A$100 (GST inclusive).

Full Publication

Additional Information

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

Last updated: 27 June 2019