With only 122 days to complete Y2K preparations, small business must check its supply chains and prepare contingency plans, according to the latest Y2K survey released yesterday.
The Australian Bureau of Statistics survey polled 13,000 businesses from different industry sectors, sizes and regions to gauge Y2K preparedness.
Around 74 per cent of those surveyed returned a response, which is extraordinarily high for a government survey, explained Senator Ian Campbell, parliamentary secretary to the Minister for Communications.
"It indicates there is a high level of understanding in business about the Y2K issue," he said.
The survey found the major utility companies -- Gas, Water and Electricity -- are well prepared for Y2K but 44 per cent of micro and small businesses are not planning do any Y2K work.
Graeme Inchley, CEO of the Federal Government's Y2K Industry Program, said many of these businesses who employ only a few people have one or two PCs and are not relying on that technology to run their business.
However, Senator Campbell offered his own warning at yesterday's press conference: "No business is an island."
"Look at your dependencies, check your suppliers," he said, explaining that they might be at risk and a contingency plan will be needed.