Telstra became one of the first signatories to the Business Council of Australia’s new supplier payment code which was launched May 2017. The Australian Supplier Payment Code is a voluntary, industry-led initiative to enshrine the importance of prompt and on-time payment for small business.

Telstra spends around $655 million in FY20 with Australian small business suppliers. We understand the importance of cash flow for small businesses and as a result have implemented 20-day payment terms providing a positive financial impact for approximately 5690 small business suppliers who work directly with us each year.

We look to make a positive impact with the communities in which we serve, our commitment to drive economic empowerment and a connected Australia extends to the use of Indigenous business and the employment of Indigenous Australians in our day to day business. We look to enable a sustained and embedded approach to increasing the depth and breadth of this engagement and have lifted our target to $5million of spend with Indigenous business this financial year.

 

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