Document ID: chunk:federal_register_of_legislation:F2025C00169:reg:18
Version: federal_register_of_legislation:F2025C00169
Segment Type: reg
Provision Reference: reg 18
Character Range: 37049–38952

18  Slowest 20% of small business payers in an ANZSIC Division
  For the purposes of section 22D of the Act, the slowest 20% of small business payers in a Division of the Australian and New Zealand Standard Industrial Classification for a reporting cycle means those entities worked out as follows:

      Method statement
           Step 1. For the reporting cycle, identify each reporting entity or reporting nominee, and the 95th percentile payment times for the reporting cycle for each of those entities.
           Step 2. Remove any entity, and that entity's 95th percentile payment times, for the reporting cycle for the entity, if:

                (a) the payment times report for the reporting period that last ended within, or ended at the end of, the reporting cycle for the entity did not need to include the information mentioned in subsection 13(2); or
                (b) the entity was a volunteering entity for the reporting period that last ended within, or ended at the end of, the reporting cycle.

           Step 3. Based on the entity information known to the Regulator, assign each remaining reporting entity or reporting nominee to the relevant Division of the Australian and New Zealand Standard Industrial Classification for that entity.
           Step 4. For each Division of the Australian and New Zealand Standard Industrial Classification, work out which entities' 95th percentile payment times for the reporting cycle, as ranked amongst all reporting entities' and reporting nominees' 95th percentile payment times allocated to that Division for the reporting cycle, were in the slowest 20%.
           Step 5. The entities worked out under Step 4 for each Division of the Australian and New Zealand Standard Industrial Classification are the slowest 20% of small business payers in a Division of the Australian and New Zealand Standard Industrial Classification.