93.3 93.5 Department of Compliance with the interest on late Foreign Affairs and Trade payments policy Department of 90.9 81.4 Under the Pay On-Time policy, interest is payable by a Health Government agency to a business if the amount of Department of 98.5 93.3 Services interest accrued on outstanding payments is greater Department of 94.9 91.0 than $100. Immigration and Border In 2014-15, the amount of interest paid on late Protection invoices by Government agencies that responded was Department of 99.8 99.4 Industry, $199,954. In 2015-16 the total amount of interest was Innovation and $250,792. Science Department of 100.0 100.0 Infrastructure & Regional Development Department of 96.4 96.4 Parliamentary Services 98.6 92.2 Department of the Prime Minister and Cabinet 93.7 96.3 Department of Social Services 96.6 97.5 Department of the Environment and Energy Department of 95.7 95.2 Veterans' Affairs Future Fund 90.3 86.1 Management Agency 98.0 98.1 National Archives of Australia National Blood 100.0 100.0 Authority National Capital 97.8 94.2 Authority National Health 98.7 97.2 and Medical Research Council Treasury 99.3 99.6 AVERAGE 96.6 95.4
Department of Foreign Affairs and Trade 93.3 93.5 Department of Health 90.9 81.4 Department of Services 98.5 93.3 Department of Immigration and Border Protection 94.9 91.0 Department of Industry, Innovation and Science 99.8 99.4 Department of Infrastructure & Regional Development 100.0 100.0 Department of Parliamentary Services 96.4 96.4 Department of the Prime Minister and Cabinet 98.6 92.2 Department of Social Services 93.7 96.3 Department of the Environment and Energy 96.6 97.5 Department of Veterans' Affairs 95.7 95.2 Future Fund Management Agency 90.3 86.1 National Archives of Australia 98.0 98.1 National Blood Authority 100.0 100.0 National Capital Authority 97.8 94.2 National Health and Medical Research Council 98.7 97.2 Treasury 99.3 99.6 AVERAGE 96.6 95.4 Compliance with the interest on late payments policy Under the Pay On-Time policy, interest is payable by a Government agency to a business if the amount of interest accrued on outstanding payments is greater than $100. In 2014-15, the amount of interest paid on late invoices by Government agencies that responded was $199,954. In 2015-16 the total amount of interest was $250,792.
20170511_-_Revised_Pay_on_Time_Final.docx