Australia to Review Reverse Factoring & It's Negative Impact to SME's
- AEJ_SCFStrategicAdvisory
- Oct 2, 2019
- 1 min read
Australia's ACCC is to review the unfair payment practises Corporate Australia forces onto SME's under Reverse Factoring Programs (SCF)".
Reverse Factoring has got the attention of the ACCC following a submission by the Australian Federal Opposition Party, who was responding to complaints by SME's related to extended payment terms.
SME's in Australia account for a third of Australia’s GDP and employ over 40 per cent of the nation’s workforce. It is estimated that the segment has an $83B funding gap.
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