Document ID: chunk:federal_register_of_legislation:F2025C00169:reg:5:p1
Version: federal_register_of_legislation:F2025C00169
Segment Type: reg
Provision Reference: reg 5 (pt 1/2)
Character Range: 3705–6510

5  Definitions
Note: Expressions have the same meaning in this instrument as in the Payment Times Reporting Act 2020 as in force from time to time—see paragraph 13(1)(b) of the Legislation Act 2003.
  In this instrument:
95th percentile payment time:
 (a) in relation to a reporting period—has the meaning given by paragraph 13(2)(d); and
 (b) in relation to a reporting cycle—has the meaning given by section 16.
AASB 8 means:
 (a) the AASB 8 - Operating Segments - August 2015 [F2015L01606] (as amended and in force from time to time); or
 (b) if that instrument is repealed and remade, with or without modifications—the remade instrument.
Note: AASB 8 is an accounting standard.
ABN has the same meaning as in the A New Tax System (Australian Business Number) Act 1999.
ACN has the meaning given by section 9 of the Corporations Act 2001.
ARBN has the meaning given by section 9 of the Corporations Act 2001.
controlled entity: an entity is a controlled entity of another entity if the other entity controls the entity.
corporate Commonwealth entity has the meaning given by the Public Governance, Performance and Accountability Act 2013.
entity information: see subsection 10(1).
government entity has the meaning given by the A New Tax System (Australian Business Number) Act 1999.
local governing body has the meaning given by the Income Tax Assessment Act 1997.
nominated entity: an entity is a nominated entity of a reporting nominee if the entity is specified in a reporting nominee determination in relation to the reporting nominee.
payment term: see section 7.
payment time: see section 8.
Payment Times Small Business Identification Tool: see section 6.
Peppol enabled eInvoice, in relation to an invoice or notice for payment, in relation to an entity, means an invoice or notice that is capable of being sent or received by the entity using the Peppol network because the entity is connected to the network.
Peppol network means the network for electronic invoicing developed and maintained by OpenPeppol.
Note: OpenPeppol gives authority to various countries to manage the Peppol framework for members in that country. In Australia, the Australian Taxation Office is the Australian Peppol Authority, and manages the Peppol framework for the Australian Peppol members.
recipient created tax invoice has the meaning given by the A New Tax System (Goods and Services Tax) Act 1999.
reporting nominee determination, in relation to a reporting nominee, means the determination made under subsection 10L(1) of the Act relating to that nominee.
small business trade credit payments dataset: see subsection 13(5).
supply chain finance arrangement means an arrangement under which an entity undertakes or agrees to pay a small business supplier for the supply of a good or service (whether directly