U.K. lawmakers have become some of the most active in working to combat late B2B payments, while the U.S. is also beginning to ramp up efforts against the practice, which squeezes the cash flow of small suppliers.
Now, Australia is the latest market to take aim at late SME payments. Australian Small Business and Family EnterpriseĀ Ombudsman Kate Carnell has spoken out against corporations paying their suppliers on longer payment terms.