Commonwealth Consolidated Acts

PAYMENT TIMES REPORTING ACT 2020 - SECT 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.

  (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.

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

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