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  • Digital economy plan – enhancing the value of electronic invoicing to help businesses reduce costs and increase productivity

    On 6 May 2021, as part of A modern digital economy to secure Australia's futureExternal Link, and following consultation by Treasury, the Australian Government announcedExternal Link further investment to increase business awareness of e-invoicing as part of its Digital Economy StrategyExternal Link, reflecting its ongoing commitment to e-invoicing.

    Following the commitment to make e-invoicing mandatory for Australian Government agencies by July 2022, the government is investing $15.3 million to improve awareness of the value of e-invoicing for business and to increase adoption.

    The Australian Peppol Authority (ATO) and Treasury will deliver activities, including:

    • pilots to gain insights into the use of e-invoicing and e-procurement
    • continue to work with states and territories to increase public sector adoption
    • educational activities to raise business awareness
    • working with payment providers (for example, EFTPOS, Visa, Mastercard, NPP Australia) to explore opportunities on how e-invoicing can complement the payment experience for business
    • further consultation on potential regulatory and non-regulatory ways to accelerate e-invoicing adoption.

    See also:

      Last modified: 11 May 2021QC 65629