PTRS for consolidated revenue (AU)

The Payment Times Reporting Scheme (PTRS) is a government initiative to improve payment times for Australian businesses.

In September 2024, the Australian government reformed the scheme and introduced new reporting rules for businesses that: 

• Generate $100 million or more in annual consolidated revenue.

• Are constitutionally covered entities that are incorporated, managed, operate, or hold voting power in Australia.

• Are corporate Commonwealth entities that also meets the above criteria.

For further information on who needs to report, see the Payment Times Reporting Scheme guidance materials.

If you have outstanding PTRS reports prior to 1 July 2024, you need to either complete them before upgrading to version 2025.1 or use a backup to complete them after upgrading.

The old PTRS functionality will no longer be available in MYOB Greentree at 2025.1.

Reporting for PTRS in MYOB Greentree

The following pages explain how to use MYOB Greentree to help you comply with your reporting obligations:

• Setting up companies for PTRS

• Running the PTRS report