TPG25-04 NSW Government Faster Payment Terms Policy
The Faster Payment Terms Policy sets out the payment terms for businesses that supply goods and services to Government Sector Finance (GSF) agencies.
Issued: 3 April 2025 by Treasury
Key information
- Status
- Active
- Type
- NSW Treasury Policy and Guidelines Paper
- Identifier
- TPG25-04
- Compliance
- Mandatory
Who needs to know and/or comply with this?
- Executive agencies related to Departments
- General Government Sector
- Public Financial Corporation
- Public Non-financial Corporation
- Subsidiaries of the NSW Government established under the Corporations Act
- ‘GSF Agencies’ as defined under the Government Sector Finance Act 2018
About
The Faster Payment Terms Policy sets out the payment terms for businesses that supply goods and services to Government Sector Finance (GSF) agencies.
In recognition of small businesses’ economic and social value to the State economy and local communities, the NSW Government has established a Small Business Charter and Action Plan, with the aim of backing small businesses.
The Faster Payment Terms policy aligns with action 3.4 of Action Plan, to deliver faster payments to small businesses, which assists with their cash flow and reduces the cost of supplying to the NSW Government.