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Telstra drops supply chain scheme, reconsiders payment plans

Telstra drops supply chain scheme, reconsiders payment plans

Late on Thursday, the company tore up the scheme and is said it was now considering its payment terms, which it extended from 45 to 62 days last year. Picture: AFP
Late on Thursday, the company tore up the scheme and is said it was now considering its payment terms, which it extended from 45 to 62 days last year. Picture: AFP

Telstra has dumped its supplier pay-day lending scheme and is reconsidering its decision to push out payment terms to 62 days in the face of mounting community and supplier outrage

The Australian revealed on Wednesday that Telstra spent more than a year plotting a radical shift to its payment terms designed to move its smaller and medium-sized suppliers on to supply-chain ­financing before informing them of the change.

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