The Queensland government made $189.6 million in late payments to small businesses last financial year.The state government says it will give careful consideration to the chamber's proposals.
About $189.6 million of the $1.81 billion in invoices the government paid to small businesses in the most recent financial year was paid later than the limit. The organisation's chief executive, Heidi Cooper, said it was essential businesses were paid on time — warning delays could impact a business's cashflow and also affect the supply chain."We're seeing a stretched and stressed business community in Queensland and businesses need to plan and budget knowing they will be paid on time," she said.Ms Cooper said cash was king for any business, but especially small business.
Queensland Small Business Minister Lance McCallum said the government was committed to ensuring small businesses were paid within a "fair and acceptable time period"."We both encourage and appreciate representations that have been made from a range of stakeholders, including Business Chamber Queensland," Mr McCallum said.
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