17Slowest 20% of small business payers

17 Slowest 20% of small business payers

(1) For the purposes of section 22D of the Act, the slowest 20% of small business payers for a reporting cycle means those entities that are reporting entities or reporting nominees and whose 95th percentile payment times for the reporting cycle, as ranked amongst all reporting entities’ and reporting nominees’ 95th percentile payment times for the reporting cycle, were in the slowest 20%. (2) In applying subsection (1) for a reporting cycle, disregard any entity, and that entity’s 95th percentile payment time, if: (a) the payment times report for the reporting period that last ended within, or ended at the end of, the reporting cycle for the entity did not need to include the information mentioned in subsection 13(2); or (b) the entity was a volunteering entity for the reporting period that last ended within, or ended at the end of, the reporting cycle.