98.0 98.1 National Compliance with the interest on late Archives of Australia payments policy National Blood 100.0 100.0 Under the Pay On-Time policy, interest is payable by a Authority Government agency to a business if the amount of National Capital 97.8 94.2 Authority interest accrued on outstanding payments is greater National Health 98.7 97.2 than $100. and Medical Research In 2014-15, the total amount of interest paid on late Council invoices by Government agencies that responded was Treasury 99.3 99.6 $199,954. In 2015-16 the total amount of interest was AVERAGE 96.6 97.8 $250,792.
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 97.8 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 total 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.
Aust_Gov_pay_on_time_survey.docx