Australia has adopted the Peppol framework as the common standard and network for e-Invoicing. Since July 2022, e-Invoicing has been mandatory for all B2G (business-to-government) transactions. This move is part of a broader strategy to enhance digital infrastructure and combat scams.
Australia and New Zealand’s E-Invoicing Collaboration
Australia and New Zealand have jointly developed the “Australia and New Zealand Government Electronic Invoicing Arrangement.” This collaboration ensures a consistent approach to e-Invoicing across both countries, facilitating smoother cross-border transactions.
Government Investment
In May 2024, the Australian government allocated $23.3 million over four years to oversee and operate the secure e-Invoicing network. This investment underscores the government’s commitment to strengthening digital infrastructure and enhancing security measures.
B2B E-Invoicing
While B2G e-Invoicing is mandatory, B2B (business-to-business) e-Invoicing is still under discussion. The Australian government broadly encourages its adoption, recognizing the potential benefits in efficiency and fraud reduction. With over 1.2 billion invoices exchanged annually in Australia, the transition to e-Invoicing could significantly streamline business operations.
Australia’s adoption of the Peppol framework and the mandatory implementation of e-Invoicing for B2G transactions mark significant steps towards modernizing the country’s invoicing processes. With ongoing investments and collaborative efforts with New Zealand, Australia is poised to enhance its digital infrastructure and secure its invoicing network. Businesses are encouraged to prepare for these changes and leverage the benefits of e-Invoicing for improved efficiency and security.
