Greensill Statement on Payment Terms in Australia

6th May, 2020

As Lex Greensill stated earlier this year, Greensill will not allow our supply chain finance (SCF) facilities to be used by Australian clients to extend payment terms to SME suppliers beyond 30 days. We will discontinue the use of our SCF facilities to clients who use our SCF facilities in this way.

Greensill helps suppliers get early access to the money they are owed – something that is more important than ever in the current climate.

In February, we informed all of our Australian clients that we expected compliance with our public statement to not let clients use Greensill’s SCF to push out payment terms to SME suppliers beyond 30 days. We are proud to say that virtually all of Greensill’s clients in Australia are fully compliant with our statement for SCF facilities provided by Greensill.

Greensill has allowed a period for the remaining clients to complete their internal reviews stemming from our request. We have given formal notice to those clients that their SCF facilities will be discontinued unless they ensure that they do not use our SCF facilities to push out payment terms to SME suppliers beyond 30 days.

< Back to News

Visionary, Bold, Disruptive

Each month, Greensill’s team of experts contribute to the latest insights and analysis, setting the agenda and leading the discussion on unlocking capital so you can put it to work.


27th July, 2020

Doctors Go Digital

A new digital partnership has developed solutions that enable the NHS to cover staff shortages more efficiently, provide on-demand pay for doctors working additional locum shifts and can potentially reduce the NHS annual agency bill for temporary staff.


16th June, 2020

Fair Finance in Latin America

Greensill is rapidly scaling up to offer Latin American businesses a much-needed lifeline and fairer access to finance. Learn how a new Greensill partnership aims to unlock $750 billion of working capital across Latin America.


22nd April, 2020

Drive to Survive: Funding the Automotive Future

Covid-19 and regulatory pressure present incredible challenges for the automotive industry, but investments in the future of transportation offer a path forward. Learn how Greensill is helping to fund the automotive future.


6th March, 2020

Spotlight on Suppliers

Greensill founder and CEO Lex Greensill understands the difference a steady stream of reliable working capital can make to a small business. Hear from the businesses and people who rely on Greensill to make finance fairer for all.

Sign up to monthly insights in our Newsletter

Subscribe to the Greensill monthly newsletter to discover the latest in news, views and insights in the world of balance sheet optimisation, working capital and supply chain finance. Join the discussion today.