Supply Chain Finance Review Position Paper
The submission in response to the Australian Small Business and Family Enterprise Ombudsman (ASBFEO) Supply Chain Finance Review Position Paper (Paper) was prepared by the SME Business Law Committee of the Business Law Section (SME Committee). The SME Committee focuses on small and medium-sized enterprise (SME) issues and has a keen interest in this matter.
The SME Committee welcomes the opportunity to provide comments on the draft recommendations set out in the Executive Summary of the Paper and to respond to the questions that relate to those recommendations as posed in the Paper. The Committee supports any move by ASBFEO to standardise payment times to small business and to have supply chain finance (SCF) methods recognised as regulated financial products.
You can read the full submission below.