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PPS Review process Submissions for the Review's interim report must be in to the government by 6 June 2014. AICM is doing a submission and more news to follow, or feel f…
Author: Peter Mills
0 6 3 days ago Sign up or login to view
pre PPS applications conundrum I have an application pre PPS in which both directors back in 2003 have signed a guarantee. They are not a large account and trade every second month …
Author: Zeeks
2 54 5 days ago Sign up or login to view
PPS Act Amendments for PPS leases A bill was tabled on parliament today and new regulations to be made as to PPS leases. No commencement date as yet, however the changes will not be re…
Author: Peter Mills
2 58 8 days ago Sign up or login to view
C/App T&C vs P/O Agmt T&C I am beginning to see an increase in Companies providing their own Agreements and refusing to sign our Credit App T&C's. Is anyone else experiencing t…
Author: Ribbn
3 72 22 days ago Sign up or login to view
Part 3A of Privacy Act As a supplier of goods I regularly attend trade bureau meetings. Do I need to be concerned about the other are the provisions of the Privacy Act espe…
Author: Zeeks
1 66 45 days ago Sign up or login to view
Privacy The compulsory requirement under the Privacy Laws to be a member of an approved EDR scheme in certain circumstances continues to cause concern for pro…
Author: Peter Mills
2 77 45 days ago Sign up or login to view
C/App T&C's Vs P/O Agmt T/C's
Author: Ribbn
1 27 60 days ago Sign up or login to view
Change of Compnay Structure and ABN If customers have filled in an Account Application under the old Company name and ABN what are the legal implications if they do not fill in a new for…
Author: Melecsuperior
3 73 60 days ago Sign up or login to view
Credit App T&C's vs P/O Agreement T&C's I am beginning to see an increase in Companies providing their own Agreements and refusing to sign our own Credit App T&C's. Is anyone else experienci…
Author: Ribbn
2 50 60 days ago Sign up or login to view
Guarantees - a brief refresher - part 2 In this article published on this site and in the AICM magazine, the author makes the point that guarantees must be in writing and signed by the guara…
Author: Dennis.crawley
3 64 64 days ago Sign up or login to view
collateral details (all present & after acquired property) In registering my interest on PPSR under the "Collateral Details" I was advised by a practitioner to just tick "purchase money security interest" as y…
Author: Zeeks
3 69 64 days ago Sign up or login to view
Trade Enquiry -DSG GROUP Would be interested to speak to someone who is currently dealing with the DSG Group to get some feedback about how they are trading with other compan…
Author: Musicman
0 63 79 days ago Sign up or login to view
Brining the Customer Experience to Collections This is a great article Having delivered a large number of successful business improvement and credit management strategies over the years we know it…
Author: Steve Mitchinson
0 103 81 days ago Sign up or login to view
Credit Management Systems Interested in Credit Management Systems that either run off SAP or capabilities currently used within SAP. Our ledgers are currently run from spreadsh…
Author: Scott Bennetts
1 77 96 days ago Sign up or login to view
statutory demands Is anyone considering going straight to statutory demand (without judgment) after the AICM conference presentation?
Author: Karlhill
3 85 138 days ago Sign up or login to view
PPSR vs Section 440B of the Act Would anyone be able to clarify please? From the AICM Nat. Conference I understood that once an entity goes into Admin, and as a secured party (with…
Author: IraJowett
2 81 142 days ago Sign up or login to view
PPSR- Ultimate Holding Company I currently have an application for eg. Joe Bloggs P/L with ACN00-001-002 in producing a Veda report the Ultmate Holding Company/Organisation Officers…
Author: Zeeks
4 83 143 days ago Sign up or login to view
transitional & non transitional lodgements of PPSR If I have received a new application incorporating the PPSA changes for an EXISTING A/C of 5+ years, do I still register this as a transitional accoun…
Author: Zeeks
5 119 143 days ago Sign up or login to view
Company Structure - Who should the Credit Manager report to? Our company is currently undergoing a restructure and I wish to take feedback and actual examples of other company's structure as to who the Credit Ma…
Author: Ruigrokas
6 174 143 days ago Sign up or login to view
AICM national conference Adelaide Who had a good time? I did! Thanks for being such a great group of people to work with and for doing everything I said to do... Lol x Your Master of…
Author: Kellynestor
1 81 143 days ago Sign up or login to view
verification statement for PPSR pre 30/1/2012 I will be shortly notifying some of our existing customers of the new PPSA and providing them our additional terms (not new) which specifically states…
Author: Zeeks
4 54 156 days ago Sign up or login to view
Credit Repair Agencies How much information am I obliged to supply when I receive an email from a Credit Repair company? When they start quoting all sorts of acts and legisl…
Author: Chromeman
3 82 170 days ago Sign up or login to view
Proof of Delivery - disputed signature Hi All, One of our "interesting" customers placed an order with us & many months later they asked for proof of delivery. We supplied a copy of the si…
Author: Rodney Jarvis
1 69 172 days ago Sign up or login to view
Statutory demands
Author: Karlhill
0 20 172 days ago Sign up or login to view
Credit Policy Hi , I am trying to develop a credit policy and was wondering if anyone had an example that I could use.
Author: Solace23
3 129 178 days ago Sign up or login to view
Adelaide Conference Wine Tour Hi Guys, As we all know one of the best parts of going to Adelaide is the surrounding wineries. I'm trying to organise a wine tour on Sunday the 27…
Author: Craig@IRS
0 22 180 days ago Sign up or login to view
accounts payable officer signing off on T & C's on behalf of a major customer I have just received an application which was signed off by the accounts payable officer in relation to our T+C's. Would the account payable officer …
Author: Zeeks
4 128 212 days ago Sign up or login to view
PPSA - Liquidator claiming security interest Our company is still on possession of some goods as our client went into liquidation and although we have a clause in our T & C's about retention of t…
Author: Joli
2 56 220 days ago Sign up or login to view
Guarantee replacement Hi All, We have a Debtor who has signed an open guarantee & later re-submitted a second guarantee with a 12 month sunset clause & a note saying th…
Author: Rodney Jarvis
6 115 220 days ago Sign up or login to view
partnership debt & effect of bankruptcy of 1 partner if a partnership is set up with an agreeance to share profit/losses on an equal basis and it is dissolved with debts of $10,000 owing to creditors BUT…
Author: Zeeks
2 57 228 days ago Sign up or login to view
Credit Manager vs AR Supervisor Can anyone please advise the difference between a Credit Manager and an AR Supervisor. Accurate Job desciptions would be of great help too.
Author: Sharlenecroser
5 125 233 days ago Sign up or login to view
Client Direct Debits Do many firms have clients set up on Direct Debt. If so, can you please talk me through the process.
Author: Solace23
2 65 235 days ago Sign up or login to view
Company in Administration/Liquidator Appointed My company has received notification that a particular company has had Administrators appointed. This company (lets call it Company ABC) is both a cr…
Author: ARivett
8 142 235 days ago Sign up or login to view
Business names/Pty Ltd Company's/Trusts Hi Team, We receive a number of credit applications where the legal entity (usually a Pty Ltd Company) trades under a business name that has been reg…
Author: Rodney Jarvis
4 124 235 days ago Sign up or login to view
ratio formulas could anyone please confirm that the formula for the following ratios are:- Net profit ratio Working capital ratio Quick Asset Ratio
Author: Zeeks
2 34 236 days ago Sign up or login to view
Vision Crusaders & Ride to Conquer Cancer Dear All I am embarking on an amazing journey this year in my efforts to help find a cure for cancer. I have signed up as a team member of Vision …
Author: Gregleitch1
3 111 241 days ago Sign up or login to view
PPSA Terminology at Registration When registering a PPSA security, what is the significance of ticking the box 'The collateral is inventory'? If unsure whether or not goods are inven…
Author: Dennis.crawley
5 75 261 days ago Sign up or login to view
CREDIT CARD DRAWBACK -- reversal of card payment Good morning everyone I would like to put out a query with regards to the above, card reversals which can happen up to 120 days after the credit ca…
Author: Instyle
2 97 268 days ago Sign up or login to view
PPSR registration and defence for claims for preferential payments If a PPS has been registered and has an all monies clause and proceeds i am thinking that this is a line of defence should a liquidator make a claim f…
Author: Jackson
2 93 290 days ago Sign up or login to view
Power of Attorney signing a credit application I recently had a credit application submitted to my department signed by a person stating they were signing the document and the personal guarantee un…
Author: Krites
2 66 290 days ago Sign up or login to view
The ever changing status of your customer - are you protected? Recently a few of our clients (the Supplier) have had situations arise where goods are being ordered, sold and delivered to their customers (Company)…
Author: AnnaForshaw
1 52 296 days ago Sign up or login to view
Review of Minor Civil Decision I need to submit a case in writing in support of a Magistrates minor civil decision. Do I simply re-state my case as 1st heard or do i confirm the Ma…
Author: Rachel
2 44 298 days ago Sign up or login to view
Statute of Limitations QLD Mortgage Shortfall Hi, Is anyone familiar with the statute of limitations in QLD for mortgage shortfall debt? The normal limitation is 6 years, however s26 appears to…
Author: Craig@IRS
2 44 310 days ago Sign up or login to view
Client Engagement Letters I work for an accountancy firm and we regularly send client engagement letters outlining what work we are going to perforn. I want to perform an audit…
Author: Solace23
1 47 310 days ago Sign up or login to view
Incorporation of terms Over the past few months, I have seen an increase in defences where the defendant argues that they didn't receive/weren't provided with the terms and …
Author: Jmceniery
4 113 326 days ago Sign up or login to view
liquidators and unregistered transitional security interests Have many people experienced issues with having their unregistered transitional security interest claims recognised by liquidators?
Author: Karlhill
4 72 341 days ago Sign up or login to view