What the official record says
This Act is the Business Payment Practices Act . This Act comes into force after Royal assent. However, the following provisions come into force on the day after the date on which this Act receives the Royal assent: (transitional, savings, and related provisions): (appointment of Registrar, Registrar’s functions, and Registrar’s power to delegate): (exemptions): (regulations): (disclosure periods and disclosure deadlines). The purpose of this Act is to— improve transparency in certain business-to-business payment practices; and enable members of the public and entities to access information about those business-to-business payment practices so that they can make informed choices about whether to engage with certain large entities. requires large entities to disclose certain information abo