Small Business Commissioner and Late Payments etc Bill [HL]

1st reading & 1st reading (Hansard): House of Lords & 1st reading (Hansard)
Tuesday 21st January 2020

(4 years, 2 months ago)

Lords Chamber
Read Hansard Text
First Reading
15:02
A Bill to make provision to amend the statutory limits for payment of invoices; make provision for a statutory time limit for resolving payment disputes; amend interest for late payments and penalties for persistent late payments and non-compliance; prohibit specified payment practices, on-boarding and pay-to-stay; require payments becoming due under public sector construction projects to be held in project bank accounts; amend the remit, role and powers of the Small Business Commissioner in regard to late payments; provide for a duty on auditors to publish late payment data; and for connected purposes.
The Bill was introduced by Lord Mendelsohn, read a first time and ordered to be printed.