Shared Services

In reply to Mr COWDREY (Colton) (20 June 2024). (Estimates Committee B)

The Hon. S.C. MULLIGHAN (Lee—Treasurer, Minister for Defence and Space Industries): I have been advised:

For the period 1 February 2023 to 31 March 2024, 89.11 per cent (by volume) and 85.87 per cent (by value) of invoices processed by public authorities were paid in 15 calendar days or less.

For the same period, the aggregate value of invoices:

paid within 15 days was approximately $20.213 billion; and

not paid within 15 days was approximately $3.326 billion.

The $19.36 billion figure referenced in Hansard was the total value of invoices paid by public authorities for the 2022-23 financial year.

In 2021-22, the requirement was to pay invoices in 30 days, these are the relevant figures:

The value of invoices paid in 30 calendar days or less was approximately $19.146 billion (97.6 per cent); and

The value of invoices not paid in 30 calendar days was approximately $0.470 billion (2.4 per cent).

For comparison these are the 2023-24 figures

The value of invoices paid in 30 calendar days or less was approximately $21.690 billion (98.1 per cent); and

The value of invoices not paid in 30 calendar days was approximately $0.417 billion (1.9 per cent).