Payment Times Reporting Act 2020

PART 3 - PAYMENT TIMES REPORTING REGULATOR  

Division 1 - Introduction  

SECTION 23   SIMPLIFIED OUTLINE OF THIS PART  

This Part requires the Secretary to designate a position of Payment Times Reporting Regulator in the Department. The Regulator is to be an SES employee.

The Regulator has functions relating to the administration of this Act, including monitoring and enforcing compliance with this Act. The Regulator also has functions relating to undertaking research and publishing reports and analysis on the payment terms, times and practices of reporting entities.

The Regulator may delegate certain functions or powers.

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History

S 23 amended by No 65 of 2024, s 3 and Sch 1 item 42, by substituting " The Regulator has functions relating to the administration of this Act, including monitoring and enforcing compliance with this Act. The Regulator also has functions relating to undertaking research and publishing reports and analysis on the payment terms, times and practices of reporting entities. " for " The Regulator has functions relating to the administration of this Act, including monitoring and enforcing compliance with this Act. " , effective 7 September 2024. For application and transitional provisions, see note under s 3 .

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