12Content of a report—general requirements

12 Content of a report—general requirements

Required content—reporting entities and reporting nominees (1) A payment times report for a reporting period for an entity must include the following information: (a) the start date and end date of the reporting period; (b) the name of the responsible member who approved the report and the date the member approved the report. Required content—reporting entities (2) A payment times report for a reporting period for a reporting entity must also include the following information: (a) whether, during the reporting period, the entity or any of its controlled entities, made an offer to enter into a supply chain finance arrangement; (b) whether, during the reporting period, the entity or any of its controlled entities, had or used a practice or arrangement which involved one or more small business suppliers paying the entity an amount (including a subscription or membership fee) to either be able to make an offer to the entity to supply it with goods or services or to be able to issue an invoice to the entity for the supply of goods or services; (c) whether another law of the Commonwealth, or a law of a State or Territory, or a code of conduct (which binds participants in an industry regulated by the code by voluntary agreement), imposes requirements on the entity or any of its controlled entities, in relation to their payment times and practices for small business suppliers. Required content—reporting nominees (3) A payment times report for a reporting period for a reporting nominee must also include the following information: (a) whether, during the reporting period, the reporting nominee, or any of its nominated entities, made an offer to enter into a supply chain finance arrangement; (b) whether, during the reporting period, the reporting nominee, or any of its nominated entities, had or used a practice or arrangement which involved one or more small business suppliers paying the nominee or any of its nominated entities an amount (including a subscription or membership fee) to either be able to make an offer to that entity to supply it with goods or services or to be able to issue an invoice to that entity for the supply of goods or services; (c) whether another law of the Commonwealth, or a law of a State or Territory, or a code of conduct (which binds participants in an industry regulated by the code by voluntary agreement), imposes requirements on the reporting nominee, or any of its nominated entities, in relation to their payment times and practices for small business suppliers. Confirmation of entity information (4) A payment times report, for a reporting period for an entity, must also include a statement confirming that, in relation to each particular of entity information most recently given by the entity to the Regulator, the particular of entity information, as most recently given, is still true and correct. Reports to include additional contextual information (5) A payment times report, for a reporting period for an entity, must also include reasonable additional information providing context or explanation for anything included in the report relating to any of the following: (a) a matter, occurring during the reporting period, that had an effect of a material nature, on the payment times and practices for small business suppliers; (b) a change, of a material nature, to financial reporting practices, dataset creation processes, or statistical calculation methods; (c) whether section 15 (about access to information of controlled entities) applied in relation to the reporting period to not require information to be included or used in a payment times report, why it applied in relation to the reporting period, and the extent to which it applied in relation to the reporting period; (d) any other details without which the report is likely to be misleading in a material respect.