1. Grower Pricing and Payments Implementation Guide
  2. (AUS) Understanding Contract Payment Rules for Australia

(AUS) Understanding Contract Payment Rules for Australia

In Australia, companies are required to pay growers in three equal payments. To accommodate this requirement, Australian companies use the same programs and functionality in the JD Edwards EnterpriseOne Grower Pricing and Payments system that other companies use. The programs and functionality are described throughout this book.

In Australia, you must set up advanced payment terms with installments so that you can pay your growers in these three installments:

  1. Thirty-three percent of the actual receipts.

  2. Thirty-three percent of the actual receipts to date.

    The payment amount to date must equal 66 percent. If the payment amounts for the first installment equal less than 33 percent, you must adjust the payment amounts for the second installment accordingly. So, if the payments for the first installment equaled 31 percent of the receipts, you must increase your payment amounts for the second installment by 2 percent, so that total payments equal 66 of the total receipts to date.

  3. Thirty-four percent of the actual receipts for a period.

    The payment amount must equal 100% of the total harvest receipts.