Document ID: chunk:federal_register_of_legislation:C2024A00065:clause:1_3
Version: federal_register_of_legislation:C2024A00065
Segment Type: clause
Provision Reference: sch 1 cl 3
Character Range: 2046–2754

3  Objects of this Act
  The objects of this Act are:
 (a) to promote timely payment practices by large businesses, certain government entities and volunteering entities; and
 (b) to foster a culture of prompt payment practices by those entities to:
 (i) support economic growth; and
 (ii) improve outcomes for small business suppliers; and
 (c) to encourage those entities to improve their payment terms, times and practices in relation to their small business suppliers; and
 (d) to provide for those entities to report on payment terms, times and practices in relation to their small business suppliers; and
 (e) to improve the transparency of the payment terms, times and practices of large businesses.