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Rio Tinto abandons controversial payment scheme

Scheme would have let suppliers get paid in fewer than 30 days in return for a discount.

Noel Dyson
Rio Tinto has withdrawn a controversial supplier payment scheme.

Rio Tinto has withdrawn a controversial supplier payment scheme.

The Australian Competition and Consumer Commission is looking into such payment approaches. According to Rio Tinto the dynamic discounting process - an option of the Taulia invoicing system it uses...

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