Document ID: chunk:federal_register_of_legislation:F2025C00169:reg:13:p4
Version: federal_register_of_legislation:F2025C00169
Segment Type: reg
Provision Reference: reg 13 (pt 4/5)
Character Range: 28596–31387

notice was a Peppol enabled eInvoice, the due date for payment under the agreement, and the terms for payment as specified in the agreement;
                (h) whether the payment discharged the invoice or obligation (as applicable) in full or in part.

           Step 3. Remove from the dataset the following payments:

                (a) payments to entities that do not have an ABN;
                (b) payments between entities where both entities' payments are included in the dataset, both entities are controlled by a common entity, or one of the entities is a controlled entity of the other entity;
                (c) if the entity elects that this paragraph applies for a reporting period—payments that were made by way of a credit card for an amount of less than $100;
                (d) if the entity elects that this paragraph applies for a reporting period and has a genuinely enforced internal policy that prohibits payments by way of credit card, type of credit card, or credit card holder, in relation to a trade credit arrangement—each payment made by way of the prohibited credit card, type of credit card, or credit card holder, as covered by the internal policy.

Creating a small business trade credit payments dataset
 (5) An entity creates a small business trade credit payments dataset for a reporting period for the entity, by using the Payment Times Small Business Identification Tool to remove from the trade credit payments dataset, for the reporting period for the entity, each payment in that dataset that was not made to a small business supplier.
Note: Entities that have no payments in their small business trade credit payments dataset may have a different content requirement to include in their report—see subsection 14(2).

Special rule for calculating median payment time
 (6) For the purposes of paragraph (2)(b), if there are an even number of payment times, the median payment time is the average of the 2 median payment times.

Rounding rules
 (7) An amount to be worked out under this section is to be rounded to 2 decimal places (rounding up if the next decimal place is 5 or more).

Most common offered terms for payment
 (8) For the purposes of paragraph (3)(b), when determining a reporting entity's or reporting nominee's most common offered terms for payment, within which payment is required to be made by a buyer of goods or services from the entity or its controlled entities or nominated entities (as appropriate), the entity may choose to either use the most commonly offered terms for payment (as referenced in the entity's (including controlled or nominated entities of the entity) standard credit policies), or by way of an appropriate statistical calculation of all relevant payments, as is customary in the entity's industry.