Payment Times Reporting Act 2020

PART 2 - REPORTING PAYMENT TIMES  

Division 4 - Slow small business payers  

SECTION 22C   OTHER PROVISIONS ABOUT GIVING SLOW SMALL BUSINESS PAYER DIRECTIONS  

22C(1)    
A slow small business payer direction:

(a)    must be in writing; and

(b)    may include one or more requirements under section 22E ; and

(c)    may specify, for the purposes of paragraph 22F(1)(b) , the day that the direction ceases to be in effect.

22C(2)    
The Minister may only give a slow small business payer direction before the end of 12 months after:

(a)    if paragraph 22B(1)(a) applies - the end of the later of the 2 consecutive reporting cycles mentioned in that paragraph; or

(b)    if paragraph 22B(1)(b) applies - the end of the reporting cycle in which the entity was a slow small business payer; or

(c)    if paragraph 22B(1)(c) applies - the end of the reporting cycle in which the entity failed to comply with a requirement to give a payment times report.

22C(3)    
The Minister must not give a slow small business payer direction to a volunteering entity.

22C(4)    
A slow small business payer direction is not a legislative instrument.