Queensland Alumina Limited (QAL) has recently made a significant change to their payment terms, a move which has been applauded by the Gladstone Engineering Alliance. The change sees payment terms move from 45 days to 30 days for all suppliers with an annual spend of $1 million.
QAL’s current standard terms are 45 days from the end of the month after an invoice has been received. These terms remain in place for larger organisations with expenditure in excess of the annual spend limit; however, for suppliers with an annual spend of $1 million those terms are now 30 days.
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