Electronic invoicing

The Government will spend $15.3 million to enhance the value of electronic invoicing to help businesses reduce costs and increase productivity. This is part of the Government’s Digital Economy Strategy.

According to the ATO website, the Australian Peppol Authority (ATO) and Treasury will deliver activities, including:

  • pilots to gain insights into the use of e-invoicing and e-procurement;
  • educational activities to raise business awareness;
  • working with payment providers (for example, EFTPOS, Visa, Mastercard, NPP Australia) to explore opportunities on how e-invoicing can complement the payment experience for business; and
  • further consultation on potential regulatory and non-regulatory ways to accelerate e-invoicing adoption.

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