Home > Industry > Oz, Kiwis Predict Big Savings From New e-Invoicing Push

Oz, Kiwis Predict Big Savings From New e-Invoicing Push

Australian and New Zealand governments are working together in a bid to set a trans-Tasman standard for electronic invoicing by governments and businesses, thereby ending most paper invoicing.

A just-published Australian Treasury discussion paper has outlined possible structures for the two nations to establish a cross-Tasman body to oversee digital invoices across both countries.

The paper support plans for the establishment of an industry-led, not-for-profit body to oversee e-invoicing across both nations.

This organisation would include a board of directors appointed by industry groups and governments to help drive the adoption of digital invoicing.

Officials claim the two nations could save $30 billion over 10 years by governments and businesses adopting the e-invoicing system.

You may also like
Amazon Tipped To Etch Western Sydney Depot
ACCC Energy Deal To Benefit Bunnings, Costco, Officeworks
Huawei Chief Attacks Australian Attitude To Asian Business
August Unemployment 5.3% Despite Jobs Surge
Oz Retail Foot Traffic Steady Despite ‘Recession’