Payment Times Reporting Scheme: What the July update means for credit risk.
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What changed
On 31 July 2025, the Payment Times Reporting Regulator (“the Regulator”) released its Cycle 8 insights (periods ending 1 Jul–31 Dec 2024), 2025 priorities, and new reporting measures, plus common error themes. The Statement of Intent also outlines publishing tools like a fast payer list and better analytics on the Register.
See here for the full update: https://paymenttimes.gov.au/publications/publication/regulators-update-july-2025
How credit teams should use PTR data
- Onboarding: Check a large customer’s median days to pay and share of invoices paid beyond 30/60 days on the Payment Times Reports Register; adjust limits and terms accordingly.
- Review “error-prone” reporters: The Regulator flags common errors—treat these as a prompt to seek additional assurances (e.g., CFO confirmations on payment practices).
- Sector benchmarking: Compare buyers to industry peers; chronic slow payers should trigger tighter milestones and PPSR registrations.
- Watch reforms cadence: Reporting obligations apply for periods starting 1 July 2024, with earliest due dates no earlier than 30 June 2025 under the amendment Act’s automatic extension.
Supplier playbook (quick wins)
- Add a PTR check to every new major-account onboarding.
- Reprice or stage work for buyers with persistent ‘Greater than 60-day’ tails.
- Tie early-payment discounts to objective PTR metrics.
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