Supplier Payment Policy

    PVW Partners is committed to building strong, long-term partnerships with our suppliers through fair and equitable dealings.

    PVW Partners recognise that payment terms are an important component of our commercial arrangements with our suppliers and, in particular, acknowledges the important role small business plays in the Australian economy and the success of other Australian businesses.

    For this reason PVW Partners has become a signatory company to the Australian Supplier Payment Code. As a signatory to this code, PVW Partners commits to pay eligible Australian small business suppliers within 30 days of receipt of correct invoice/delivery of goods. Beyond this, PVWP Partners is committed to paying all of its suppliers within 30 days of receipt of correct invoice/delivery of goods (or within a longer timeframe should that be a supplier’s standard terms of payment).

    WHAT IS A CORRECT INVOICE?

    A correct invoice needs to contain the following:

    • Business/Company name and ABN
    • Business/Company’s registered address
    • Business/Company contact details (email or phone number)
    • Banking details including BSB and account number
    • Date of invoice
    • Description of goods or services the invoice relates to
    • Amount of the invoice, including a separate line for GST if applicable
    WHAT ARE PAYMENT TERMS?

    Payment terms relate to the number of days from receipt of a correct invoice that PVW Partners will pay you within.

    WHAT IS AN ELIGIBLE AUSTRALIAN SMALL BUSINESS?

    To be an eligible small business, suppliers must:

    • Have an Australian ABN, and
    • Have revenue of no more than A$10 million in the last financial year.
    HOW DO I APPLY FOR QUALIFICATION AS AN ELIGIBLE AUSTRALIAN SMALL BUSINESS SUPPLIER?

    Because PVW Partners undertakes to pay all suppliers within 30 days (or otherwise within their standard terms of payment) there is no application process to be accredited as an eligible Australian small business supplier to PVW Partners.

    Liability limited by a scheme approved under Professional Standards Legislation