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The Fair Payment Code

Learn about the Fair Payment Code and what it means when a business is a signatory.

The Fair Payment Code

What is it?

The Fair Payment Code is a voluntary code administered by the Office of the Small Business Commissioner. Businesses that sign up commit to paying their suppliers promptly and fairly.

The tiers

  • Gold: 95% of invoices paid within agreed terms
  • Silver: 60% of invoices paid within agreed terms
  • Bronze: 30% of invoices paid within agreed terms

What does it mean for suppliers?

When a client is an FPC signatory, they have made a public commitment to fair payment practices. This is a positive signal, though it's not a guarantee of payment.

How to verify

You can check if a company is an FPC signatory on the Small Business Commissioner website.

This page is for general information. It is not legal advice.