Australia has 2.2 million freelancers and a strong legal framework for protecting businesses against late payment. The Payment Times Reporting Act 2020 and state laws provide tools for collection, but enforcement is limited.
According to the ASIC, Australian businesses face average payment delays of 26 days, with some sectors (construction, retail) exceeding 40 days. The economic impact is estimated at A$18 billion annually.
PingPaid helps Australian freelancers by automating the collection process, ensuring your invoices stay on the payment radar regardless of your client's location or industry.