More than 1.2 billion invoices are exchanged in Australia every year, with around 90 per cent of invoice processing still partly or fully manual. Every time an eInvoice replaces a paper or email invoice, the businesses involved in the transaction can save up to around $20 in cost savings.
Widespread adoption of eInvoicing will help unlock the significant potential benefits for Australian businesses, given that businesses can only use eInvoicing if their trading partners also use it.
The Government has taken a series of actions to accelerate business adoption of eInvoicing.
In the 2020-21 Budget, as part of the JobMaker Digital Business Plan, the Government invested $3.6 million to facilitate eInvoicing adoption across the public sector, which in turn can drive adoption by businesses that supply to governments and others in their supply chains. Currently, all Commonwealth agencies are on track to have the capability to receive eInvoices by 1 July 2022, with over 80 per cent of Commonwealth invoices able to be received electronically.
In the 2021-22 Budget, as part of the Digital Economy Strategy, the Government invested a further $15.3 million to enhance the value of eInvoicing for businesses, improve business awareness and accelerate eInvoicing adoption. This measure was directly informed by feedback from stakeholder consultation in 202021, which indicated that while there is strong support for the Government taking actions to accelerate business adoption, eInvoicing is still at relatively early stages of rollout in Australia and that business awareness and adoption of eInvoicing remained low.
The Government is now seeking stakeholder views on further ways to support business adoption of eInvoicing, including by consulting on the idea of a Business eInvoicing Right (BER). A BER could support business adoption by giving businesses the certainty that when they invest in eInvoicing, they would be able to make use of it with their trading partners.
In addition to the BER, the Government also seeks stakeholder views on further measures to support business adoption of eInvoicing via the integration of eInvoicing with existing business processes.
You can submit responses to this consultation up until 25 February 2022. 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:
Consumer Data Right Division
Parkes ACT 2600