This table below provides information on the Department of Education’s application of the Australian Government Supplier Pay On‑Time or Pay Interest Policy for the 2025-26 financial year.
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The Pay On Time or Pay Interest Policy requires non corporate Commonwealth entities (NCEs), to pay eligible invoices within:
- five calendar days for electronic invoices (eInvoices) or
- twenty calendar days for all other invoices, unless a shorter payment period was agreed between the NCE and a supplier.
Where payment is not made in full and on time, NCEs are required to pay interest to the supplier on the outstanding amount if the interest accrued is more than $100. Interest is payable at the general interest charge rate available from the ATO, calculated for each calendar day from the day after the payment is due up to and including the day the payment is made.
| Invoices | 2025-26 Percentage (%) of invoices paid within 20 days by number | 2025-26 Percentage (%) of invoices paid within 20 days by value | Total value of invoices | 2025-26 Percentage (%) of eInvoices paid within 5 days by number | 2025-26 Percentage (%) of eInvoices paid within 5 days by value | Total value of eInvoices |
|---|---|---|---|---|---|---|
| Eligible invoices up to $1 million (GST inclusive) | 93.99% | 93.99% | $42,990,284.73 | 71.08% | 65.11% | $1,331,866 |
| All eligible invoices (GST inclusive) | 93.99% | 93.99% | $42,990,284.73 | 71.08% | 65.11% | $1,331,866 |
| Interest paid on late paid invoices and eInvoices | 2025-26 interest paid on late invoices due payment in 20 days | 2025-26 interest paid on late eInvoices due payment in 5 days |
|---|---|---|
| $9,943.20 | $8,649.23 | $1,293.97 |