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Payment Times Reporting Act 2020

PART 2 - REPORTING PAYMENT TIMES  

Division 2 - Reporting payment times  

SECTION 12   REPORTING ENTITIES AND REPORTING NOMINEES MUST REPORT PAYMENT TIMES  
Reporting entities

12(1)    
A reporting entity must give the Regulator a payment times report for each reporting period for the entity.

12(2)    
However, a reporting entity is not required to give the Regulator a payment times report for a reporting period if the entity is an exempt entity for any part of the reporting period.

Reporting nominees

12(3)    
A reporting nominee must give the Regulator a payment times report for each reporting period for the reporting nominee.

12(4)    
However, a reporting nominee is not required to give the Regulator a payment times report for a reporting period if the reporting nominee is an exempt entity for any part of the reporting period.