March Quarter Analysis 2018
Business pay bills in record time
According to illion’s Late Payments analysis, the late payment times for an Australian business have fallen to their lowest level on record during the first quarter of 2018. The average late payment time for the March quarter was 11.7 days, representing a 23.5 per cent annual drop from 15.3 days during the same period last year.
- Late payment times down across all sectors
- Retail worst sector to pay 15.5 days
- ACT remains highest region for late payments
- Big business latest to pay for 18th straight quarter