The Faster Payment Terms Policy sets out the payment terms for businesses that supply goods and services to Government Sector Finance (GSF) agencies.
In recognition of small businesses’ economic and social value to the State economy and local communities, the NSW Government has established a Small Business Charter and Action Plan, with the aim of backing small businesses.
The Faster Payment Terms policy aligns with action 3.4 of Action Plan, to deliver faster payments to small businesses, which assists with their cash flow and reduces the cost of supplying to the NSW Government.
