Australian Small Business Suppliers Payment Code

Lendlease is a member of the Business Council of Australia and has signed up to the Australian Small Business Supplier Payment Code.  

Australian Supplier Payment Code -  Digital Badge

The code, is a voluntary, industry-led initiative which commits signatory companies to pay eligible Australian Small Business Suppliers within 30 days of receipt of a correct invoice or receipt of a correct product from the supplier (whichever is the later) or on mutually agreed terms, or on terms that are consistent with a standard industry practice.

The code specifically refers to 45 days being the relevant industry practice for construction industry payments.

More information about the Business Council of Australia’s Supplier Payment Code for Australia can be found here.

Accordingly, Lendlease has reviewed its existing portfolio of Australian suppliers and will change payment terms to 30 days for small business suppliers subject to 45 day payment terms applying to suppliers of construction goods and services.

Small Business: What’s the Definition?

Lendlease will identify small business suppliers using the Australian Government’s Small Business Identification (SBI) tool. The SBI tool is prescribed for use by large businesses in Australia who are required to report under the Payment Times Reporting Scheme (PTRS) as governed by the Payment Times Reporting Act 2020 (Cth). The tool identifies businesses as small businesses if they carry on an enterprise in Australia, have an ABN and their annual turnover was less than $10 million for the most recent income year. 
Several entities within the Lendlease Group have reporting obligations under the PTRS. 

What should I do if I do not agree with how Lendlease has assessed my invoice? 

You should check that you have submitted a correct invoice including all details required (please refer to the FAQ titled ‘what is a correct invoice’.) If you wish to dispute Lendlease’s assessment of your invoice, you should refer to the dispute resolution process set out in your contract. You should submit the required notices to Lendlease under your contract, so that the nature of the dispute is understood and Lendlease can endeavour to resolve this with you. 

If you are a supplier of construction goods and services, you may also be able to access statutory dispute resolution processes. If you are unsure of these, you should contact your state based fair trading office for information. 

I think Lendlease could improve its invoicing and payment practices. Who can I contact? 

Lendlease is committed to working with suppliers to improve invoicing and payment practices. In addition to continuing reviewing its own payment practices, it would be interested in ideas from our suppliers, including considering the application of new technologies. Please send your ideas to globalsupplychain@lendlease.com 

Other Questions?
For more information please review the frequently asked questions or contact our Supplier Help Desk via email: globalsupplychain@lendlease.com .