If you are a small business owner and want your opinion heard, you can you can take the survey now.

The purpose of the activity is to understand how: late payments affect Australian small businesses, owners and operators set payment times, business is impacted and the actions small businesses currently take in relation to late payments.

The results will inform the late Payment Times and Practice Inquiry and will complement submissions from business, industry and interested parties.

The ASBFEO and the Victorian Small Business Commissioner (VSBC) intend to consult as broadly as possible to establish an accurate picture of the trends that have emerged in the commercial arrangements between large and small businesses, along with governments and small enterprises, and the impact these trends are having.

We encourage small businesses to participate in this survey before it closes on February 28 and have their say.

Survey responses are anonymous and take approximately 10 minutes to complete. Click here (https://www.surveymonkey.com/r/Payment-Times) to start your survey.

More information about the Payment Times and Practices Inquiry can be obtained through the ASBFEO website (http://asbfeo.gov.au/inquiries/payment-times-and-practices) or contact the ASBFEO through email inquiries@asbfeo.gov.au or phone 1300 650 460 to learn more.