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In 2021 the Victorian government amended the Fair Payments Policy. Agencies under the amended Policy must pay invoices for contracts under $3 million within 10 business days. We conducted this review to see if agencies were paying on time, and if publicly reported information about payment timeliness was accurate and transparent.
2. Our recommendations
We made one recommendation to address our findings. All audited agencies have accepted the recommendation.
1. Our findings
What we examined
For this review we had a single line of inquiry:
1. Do agencies meet the requirements of the Data Quality Information Management Framework standard (Data Quality Standard)?
To answer this question, we examined:
4. DBI compliance and the role of agencies
Various agencies promote compliance with DBI requirements. Following the PDH insolvency, agencies coordinated better on DBI matters. While VBA implemented more compliance and enforcement activities, it does not make sure all relevant building permits have a valid DBI policy.
Covered in this section:
