You can read additional information on the policy Australian Department of Finance WebsiteĬommonwealth agencies should be aware of these requirements and can find more information on the ATO website What is the E-Invoicing legislation in New Zealand? This is a stronger mandate than the previous five day payment timeframe as many more agencies are now required to adopt E-Invoicing. A Digital Business Plan was announced in September 2020 mandating E-Invoicing for Commonwealth agencies by 1 July 2022, and consulting on wider mandates across all levels of government and by businesses. The Australian Government has demonstrated their commitment to E-Invoicing through investment initiatives. What is the E-Invoicing legislation in Australia? The goal? To make getting paid faster and easier for businesses and support improved global trading. The Australian and New Zealand Governments legislated to adopt an international Pan-European Public Procurement On-Line framework (Peppol) to standardise E-Invoicing in the ANZ region. What is E-Invoicing framework for Australia & New Zealand? E-Invoicing removes the need for manually entering or scanning invoice data into the system. E-Invoicing is the direct, electronic exchange of invoice information between suppliers’ and buyers’ financial systems, using a common standardised format that’s readable by both people and computers.
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