Payment Times Reporting Rules 2024
16Meaning of 95th percentile payment time for a reporting cycle
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16 Meaning of 95th percentile payment time for a reporting cycle
A 95th percentile payment time, for a reporting cycle for an entity, means: (a) if only one reporting period for the entity ended within, or at the end of, the reporting cycle—the 95th percentile payment time for that reporting period; or (b) if more than one reporting period for the entity ended within, or at the end of, the reporting cycle—the 95th percentile payment time for the reporting period that last ended within or at the end of the reporting cycle; or (c) if no reporting period for the entity ended within, or at the end of, the reporting cycle—the 95th percentile payment time for the first reporting period that ended after the reporting cycle.