Australia Approves B2B e-Invoicing
The Australian Government (Department of Treasury) recently took initiative with the Business eInvoicing Right (BER) to push for the adoption of Business-to-Business (B2B) eInvoicing in Australia. Gradually, all companies will be able to request their trading partners to send them e-Invoices in the Peppol format. The objective of the BER initiative is to gradually introduce the obligatory use of e-Invoicing among Australian companies based on their size.
Following this consultation, the Government has invested a further $15.3 million to enhance the value of e-Invoicing for businesses and increase business awareness and adoption.
The funding will support the Treasury and the Australian Peppol Authority to:
- Work with payment providers to integrate e-Invoicing into the main payment methods used by business,
- Deliver educational activities to raise business awareness of e-Invoicing,
- Progress supply chain pilots with large businesses to gain insights and drive adoption across supply chains,
- Continue work with states and territories to increase public sector e-Invoicing adoption.
The BER has three proposed implementation phases:
- From July 1, 2023: All companies can require their large trading partners to send them e-Invoices in the Peppol format. Large companies will be obligated to send e-Invoices in the PEPPOL format upon the request of the BER.
- From July 1, 2024: All companies can require their medium to large trading partners to send them e-Invoices in the Peppol format. Medium and large companies will be obligated to send e-Invoices in the Peppol format upon the request of the BER.
- From July 1, 2025: All companies will be required to exchange e-Invoices in the Peppol format. All companies will be obligated to send e-Invoices in the Peppol format upon the request of the BER.
EDICOM is a PEPPOL Access Point accredited by the Australian Tax Authority
Australia has adopted the Peppol standard for the exchange of invoices in an electronic format. Communication through the Peppol network requires a Peppol Access Point that can communicate and transform messages in accordance with the Peppol standard. EDICOM is an Access Point that is accredited by the Australian Tax Authority (ATO), and Ministry of Business, Innovation and Employment (MBIE) in New Zealand.
B2G e-Invoicing in Australia
The Australian government has launched an initiative for the adoption of e-Invoicing in the public sector. From July 1st, 2022, the use of e-Invoicing will be mandatory for all Commonwealth Agencies following the Peppol standard.