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Review of Supply Chain Financing

2020欧洲杯体育投注On 30 October 2019, the Australian Small Business and Family Enterprise Ombudsman announced a review into the impact of supply chain financing on the small business and family enterprise sector.

2020欧洲杯体育投注The review will examine the ways in which small and family businesses use supply chain finance as a means to better manage their cash flow and fund growth.

It will also look at supply chain finance offerings being used by larger businesses to offset extended payment times.

2020欧洲杯体育投注As part of the Ombudsman’s review into payment times, consultations with large businesses revealed that supply chain finance arrangements were being offered as an option for earlier payment to suppliers. Since then, there’s been a significant number of small businesses contacting the Ombudsman’s office in relation to supply chain financing issues. There’s also been greater media interest in supply chain financing.

2020欧洲杯体育投注The review will look at specific industry sectors, along with the broader impacts on small businesses using this finance and related reporting practices by big business.

A final report will be released by the end of March 2020.

 

Position Paper

On 7 February 2020, Ombudsman Kate Carnell released a position paper outlining the key preliminary findings of the Supply Chain Financing Review.

2020欧洲杯体育投注The position paper details ASBFEO’s findings and draft recommendations to be finalised before a full report is handed down at the end of March.

 

Share your story

We invite small businesses and family enterprises who have had experience with supply chain financing to share their story by completing  or via inquiries@asbfeo.corinnelewis.com

The survey will close in March 2020.

 

Download:

Position Paper

Media announcement

 

Submissions

Reference Number

Name of Contributor

SCF001

2020欧洲杯体育投注Confidential

SCF002

Consult Australia (PDF 816KB)

SCF003

ANZ (PDF 212KB)

SCF004

LION Group (PDF 548KB)

SCF005

Law Council of Australia – Business Law (PDF 306KB)

SCF006

Business Council of Australia (PDF 468KB)

SCF007

Chartered Accountants Australia and New Zealand and CPA joint submission (PDF 174KB)

SCF008

ezyCollect (PDF 230KB)

SCF009

FIFO Capital Australia Pty Ltd (PDF 1MB)

SCF010

Housing Industry Association (PDF 1MB)

SCF011

tim finance (PDF 615KB)

SCF012

PrimeRevenue (PDF 369KB)

SCF013

Telstra Corporation Limited (PDF 76KB)

SCF014

Vodafone Hutchison Australia (PDF 65KB)

SCF015

John Melocco (PDF 282KB)

SCF016

Confidential

SCF017

Taulia (PDF 146KB)

SCF018

EarlyTrade (PDF 313KB)

SCF019

Danny Sargeant (PDF 444KB)

SCF020

SAP (PDF 176KB)

*Submissions 1 and 16 were made with a request that they not be published.