September Quarter Analysis 2018
Late payments at historic low
Australian businesses are paying overdue bills in the fastest time on record. The average time taken to settle a late payment now stands at the historic low of 10.4 days, down 17.7 per cent on the prior corresponding quarter.
- Late payment times lowest on record
- ACT records annual drop of 23.1%
- Prompt payments rise to 72%
- Retail worst sector at 13.5 days