The 2017 Queensland Young Credit Professional of the Year Awards were held on Friday night, 21 July, at a formal event at the Victoria Park Golf Complex, Brisbane. The annual event hosted by the Australian Institute of Credit Management was attended by some of Queensland’s best and brightest Credit professionals. We are extremely proud to… Read more »
New research shows that nearly 1 in 2 Australian businesses are leaving themselves vulnerable to bad debt by not performing credit checks on their existing customers. In a survey conducted by Australian credit bureau CreditorWatch, business owners, accountants and credit professionals from small to large-scale businesses were asked questions in relation to their credit management… Read more »
Earlier this month The Canberra Times published an article about ACT Health calling in the debt collectors to chase unpaid patient bills mounting to the millions. Read the full story here or below… ACT Health calls in the debt collectors as unpaid patient bills mount to millions Debt collectors will pursue former ACT Health patients… Read more »
At the end of April 2017, CreditorWatch released their latest Small Business Risk Review for Q1:2017 with a very strong message … Payment defaults an immediate warning for creditors Key insights from CreditorWatch’s Small Business Risk Review have been released for the first quarter of 2017. The quarterly report is an analysis of aggregated and… Read more »
On Thursday May 4, Small Business Minister Michael McCormack handed down the government’s response to the commission’s final report from its review of business set-ups, transfers and closures in Australia. The report considered the major factors driving businesses being launched and exited, and whether policy adequately supports the business community. Read the full story here… Read more »
Last week, smartcompany.com.au published an online article advising that ASIC has debt management firms in its sights as it looks to crack down on misleading conduct by debt management companies as personal insolvency rates are up 10%. Read the full story here or below… ASIC cracks down on debt management firm ads as personal insolvencies… Read more »
There has been a call to simplify superannuation rules as SMEs have been accused of using employees’ unpaid super contributions to improve their own business cashflow. smartcompany last month reported that business leaders have made the call after accusations.
Victoria has launched its “Fair Payment” code to drive businesses towards being good corporate citizens. smartcompany recently reported Victoria’s Small Business Minister, Philip Dalidakis, has not ruled out making the state’s new voluntary code on fair payment times mandatory for all businesses in the state if the government does not see an improvement on the times… Read more »
Do experience delayed extended periods from larger businesses? smartcompany recently reported about the small business ombudsman has called for a national register to name and shame businesses that fail to pay SMEs promptly.
The Australian Financial Security Authority (AFSA) released regional personal insolvency statistics for the December quarter 2016 in January. Next month new figures will be released, making for interesting comparisons.
