Monday 13th November, 2023
Australia’s Department of Treasury has recently undertook an initiative with the Business eInvoicing Right (BER) to push for the adoption of Business-to-Business (B2B) eInvoicing in the country.
If approved, all companies would be able to request their trading partners to send them e-Invoices in the Peppol format. The objective of the BER initiative is to gradually introduce the obligatory use of e-Invoicing among Australian companies based on their size. According to Edicom.
Following this consultation, the Australian Government has invested a further $15.3 million to enhance the value of e-Invoicing for businesses and increase business awareness and adoption. To support the Treasury and the Australian Peppol Authority to:
• Work with payment providers to integrate e-Invoicing into the main payment methods used by businesses
• Deliver educational activities to raise business awareness of e-Invoicing
• Progress supply chain pilots with large businesses to gain insights and drive adoption across supply chains
• Continue work with states and territories to increase public sector e-Invoicing adoption.