14Content of report—special rules for certain entities

14 Content of report—special rules for certain entities

Entities in external administration (1) If, at any time during a reporting period, or after the reporting period ends but before an entity is required to give the Regulator a payment times report for the reporting period, the entity is in external administration (within the meaning of section 5-15 of Schedule 2 to the Corporations Act 2001), then, despite anything else in this Part, the entity’s payment times report for the reporting period, is to include only the following: (a) the information mentioned in subsection 12(1) of this instrument; (b) the name of the external administrator of the entity (within the meaning of section 5-20 of Schedule 2 to the Corporations Act 2001); (c) the capacity in which the external administrator has been appointed; (d) the date the external administrator was appointed.

Note: Example: Capacities in which an external administrator can be appointed include as an administrator of the entity or liquidator of the entity.

Entities that do not make payments to small business suppliers (2) Where there are no payments in a small business trade credit payments dataset for a reporting period for an entity, then, despite anything else in this Part, the entity’s payment times report for the reporting period, is to include only the following: (a) the information mentioned in subsection 12(1); (b) the proportion of payments made to small business suppliers for the reporting period for the entity mentioned in paragraph 13(1)(a).

Note: Where there are no payments in a small business trade credit payments dataset for a reporting period, the proportion of payments made to small business suppliers for the reporting period is 0%.

Entities for which another entity is reporting nominee (3) If, at all times during a reporting period, an entity is a nominated entity of a reporting nominee, then despite anything else in this Part, a payment times report for the reporting period for the entity is to include only the following: (a) the information mentioned in subsection 12(1); (b) the name of the reporting nominee; (c) if the reporting nominee has an ABN—the reporting nominee’s ABN; (d) if the reporting nominee does not have an ABN, but does have an ACN or ARBN—the reporting nominee’s ACN or ARBN. Entities adopting AASB 8 in the preparation of financial reports (4) Where the entity’s financial reports, for the financial year immediately preceding a reporting period for the entity, are required to comply with AASB 8 (or an equivalent financial reporting standard of a foreign jurisdiction), then the entity’s payment times report for the reporting period must also include the information covered by subsection 13(2) and paragraph 13(3)(a) in relation to each operating segment of the entity (within the meaning of AASB 8 (or the equivalent financial reporting standard of a foreign jurisdiction)). Additional information may be included (5) An entity to which this section applies may include, in a payment times report for a reporting period for the entity, any additional information that the entity considers useful for providing additional context for any matter covered in the report.