Queensland government to pay suppliers within 20 days

The Queensland State Government has announced small businesses will receive payment in 20 calendar days, down from 30, from 1 July next year. 

What's more, the government will voluntarily pay penalty interest if it takes longer than 30 days to pay bills on contracts up to $1 million. 

This will help smaller business suppliers greatly. 

In this podcast, RIABU's Simon Littlewood and Mark Laudi take you through the benefits, but also the dangers of the new policy. 

Click here to listen to the full podcast.