Peak Industry Body Backs Senate Payment Terms Motion
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The trucking industry peak body, The Australian Trucking Association (ATA) has expressed support of the passage of a non-binding transport industry terms of payment motion through the nation’s Senate recently.
The motion comes as a result of larger companies unfairly forcing trucking operators to accept extended payment terms of up to 120 days, which may have a negative effect on the operators cash flow and would force them break other financial commitments such as payment of wages and lease payments and in some cases even maintenance of vehicles and equipment.
The motion calls for companies to adopt payment terms that do not exceed 30 days, which is consistent with the requirements of the Road Safety Remuneration Tribunal for subcontractors and owner-drivers.
The motion was introduced to the senate last year by former truck drivers Nationals senator John Williams and Labor Senator Glenn Sterle.
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