Payment Times Reporting Act 2020
12Reporting entities and reporting nominees must report payment times
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12 Reporting entities and reporting nominees must report payment times
Reporting entities (1) A reporting entity must give the Regulator a payment times report for each reporting period for the entity. (2) However, a reporting entity is not required to give the Regulator a payment times report for a reporting period if the entity is an exempt entity for any part of the reporting period. Reporting nominees (3) A reporting nominee must give the Regulator a payment times report for each reporting period for the reporting nominee. (4) However, a reporting nominee is not required to give the Regulator a payment times report for a reporting period if the reporting nominee is an exempt entity for any part of the reporting period.