As a company that is always gathering information in order to assess the creditworthiness of businesses, NCI is only too aware of the long-standing difficulty in trying to ascertain whether the individuals behind those businesses can be relied upon to act responsibly towards their creditors.

Whilst collection and insolvency actions have been approximately half of a “normal” year over the past 20 months, the number of businesses in financial difficulties is building up.

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At the end of July, the PPSR had a go at streamlining their ‘Amendment Demand’ approach “to help simplify the strict legal process required when disputing a PPSR registration”.

At NCI, we operate with an “Under one roof” philosophy. What we mean by this is that no matter what trade credit related product one of our clients or potential clients is looking for, we have a solution.

Monday May 10 saw the Federal Court of Appeal hand down a decision that looks to be quite the win for creditors fighting against unfair preference demands from liquidators.

What a difference 12 months makes; last May we were right in the thick of the pandemic and the economic outlook was looking bleak. Fast forward to now and the Australian economy has recovered at a pace many wouldn’t have thought.

At the end of December last year, the Attorney-General announced a review of Australia’s Privacy Act to determine to what extent it is protecting and empowering consumers and best serving the Australian economy.

The ASIC company register has released the following breakdown of activity between 1 July and 30 September 2020.