- Mandatory E-Invoicing for Non-Corporate Entities: Starting July 1, 2022, e-invoicing became mandatory for Commonwealth Agencies, with a new requirement announced for all Non-Corporate Commonwealth Entities (NCEs) to adopt e-invoicing by July 2025, aiming to modernize procurement processes and enhance efficiency.
- Adoption of the Peppol Framework: Australia has adopted the Peppol 4-corner model for e-invoicing, with a phased transition to the PINT A-NZ format by May 15, 2025, ensuring compatibility and standardization across public and private sectors.
- Support for Digital Transformation: The initiative is part of Australia’s broader Digital Economy Strategy, which includes a budget of 1.2 billion AUD by 2030 to enhance digital capabilities, promote SME growth, and improve government services through e-invoicing and other digital technologies.
Source Edicom
Australia mandates e-invoicing for Commonwealth entities
- Mandatory Adoption of e-Invoicing: The Commonwealth Government of Australia is mandating that all non-corporate Commonwealth entities (NCEs) adopt electronic invoicing as the standard method for invoicing, enhancing efficiency and compliance in financial transactions.
- Targets for Implementation: The initiative aims for 30% of all invoices received by NCEs to be via e-invoicing (using the Peppol Network) by July 1, 2026, with a goal of fully automated processing and sending of e-invoices by December 2026.
- Support and Monitoring: The Australian Taxation Office, in collaboration with the Treasury and the Department of Finance, is providing support for this transition. NCEs will submit quarterly updates on their progress, and there may be additional requirements for suppliers involved in government contracts to utilize the Peppol e-invoicing system.
Source Pagero
- See also
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
