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- Account Payment Performance by Agency
Treasurer's Instruction 11 Account Payment Performance
Pursuant to Treasurers Instruction 11 Payment of Creditors’ Accounts public authorities are required to forward to the Department of Treasury and Finance a report detailing account payment performance by volume and value for the financial year just ended, within the time bands:
- within 30 days;
- 30 to 60 days and
- greater than 60 days.
This information is certified by the Department's Chief Finance Officer and is published below.
The information published refers to invoices that have been paid,some outside of the Government's 30 day terms.Payments include those made to external providers and also within the Government.
For 2015-2016 invoices paid totalled $13.6 billion. The total value of invoices paid outside of 30 days totalled $707.3 million for the entire financial year, a reduction of $104.3 million over the previous year. This is the total paid for the full year, it does not represent an outstanding amount at any particular point in time.
The Government’s expectation in relation to payment of accounts remains unchanged. It is expected that all undisputed invoices be paid within 30 days and continuing improvement continues to be a focus for all public authorities.
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