Every time an eInvoice replaces a paper invoice it can deliver up to $20 in cost savings to the businesses involved according to Deloitte Access Economics estimates. With approximately 89 per cent of small and medium businesses continuing to process invoices manually, and over 1.2 billion invoices being exchanged in Australia annually, there are significant productivity and costefficiency benefits for Australian businesses if eInvoicing is adopted more widely.
In December 2019, the Government took action to advance the adoption of eInvoicing by implementing the Pan European Public Procurement OnLine (Peppol) framework, an internationally recognised framework for eInvoicing, and establishing the Australian Taxation Office as the Australian Peppol Authority to develop and administer the framework in Australia. As part of the 2020-21 Budget, the Government announced it would take further action to accelerate the adoption of Peppol eInvoicing for the public and private sectors by mandating that all Commonwealth Government agencies must be able to receive Peppol eInvoices by 1 July 2022, with large agencies having to do so by 1 July 2021.
The Government also announced that it would consult on options to accelerate adoption of eInvoicing by businesses, including options for mandatory adoption by businesses. Feedback from stakeholders is sought on the proposed options to accelerate eInvoicing adoption by businesses.
You can submit responses to this consultation up until 18 January 2021. Interested parties are invited to comment on this consultation.
While submissions may be lodged electronically or by post, electronic lodgement is preferred. For accessibility reasons, please submit responses sent via email in a Word or RTF format. An additional PDF version may also be submitted.
All information (including name and address details) contained in submissions will be made available to the public on the Treasury website unless you indicate that you would like all or part of your submission to remain in confidence. Automatically generated confidentiality statements in emails do not suffice for this purpose. Respondents who would like part of their submission to remain in confidence should provide this information marked as such in a separate attachment.
Legal requirements, such as those imposed by the Freedom of Information Act 1982, may affect the confidentiality of your submission.
View our submission guidelines for further information.
How To Respond
Address written submissions to:
Data Economy Unit
Parkes ACT 2600