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Topic (short descript) Question / Topic Replies Reads Last Post More
Chattel Paper PPSR Registration I want to create a security interest in a customer's on-hire agreements to the end users of our equipment and would like some advice on how to correct…
Author: Geraldine
3 73 3 days ago Sign up or login to view
application I was wondering if a credit application can be signed by an accounts payable person or financial controller? Or does it have to be signed by the direc…
Author: Olivia
7 171 4 days ago Sign up or login to view
Credit Repair Agent - an orchestration! Hi Team & Happy New Year, We received an application from a property development company with the Director being the wife of the (apparent) principle…
Author: Rodney Jarvis
10 231 8 days ago Sign up or login to view
Credit Repair Agencies How much information am I legally obliged to supply to a Credit Repair agency? They are quoting "...you meet the requirements of the Credit Reporting …
Author: Chromeman
9 223 16 days ago Sign up or login to view
GST on export We have a customer where we supply goods abroad but the business has its legal entity in Australia with an ABN number. Do I charge GST on the invoices…
Author: Olivia
4 108 43 days ago Sign up or login to view
Applications for COD/Prepaid Accounts Hi All, We have discontinued opening COD accounts due to the high cost of collecting/banking/clearing cheques. We've replaced them with CARD accounts…
Author: Rodney Jarvis
10 217 45 days ago Sign up or login to view
responding to PPSR queries I have registered a PMSI and received my 1st query in relation to this registration. I wish to respond to the client by stating I will not release the…
Author: Zeeks
7 178 49 days ago Sign up or login to view
Dashboard for Collections and Recovery Team Hi, Can anyone of you provide me some insight as what is expected out of a dashboard of any Collections and Recovery system (ERP system)?
Author: Chaudharyvinay1
0 77 51 days ago Sign up or login to view
Preferential Payment If legal action was instigated to recover oustanding debt and debtor requested PPSR to be discharged and then the company within 6 months had a Liquda…
Author: Sev
4 145 54 days ago Sign up or login to view
"buckets" Hi, Can someone briefly explain the concepts of buckets in contingent collections and potentially the catergories of cure/finalised. Cheers
Author: Colcredit56
0 122 67 days ago Sign up or login to view
Trading Terms HI Team my company Trading Terms are 30 days from invoice. I have a customer that have been paying right on time for the past year, but now this com…
Author: Mon168
6 218 88 days ago Sign up or login to view
Collection of stock prior to Liquidator's appointment Hi All, A customer notified us his business was going into Voluntary Liquidation & said we could collect our stock prior to the official appointment.…
Author: Rodney Jarvis
11 302 89 days ago Sign up or login to view
Copy of Debt Collection Calls Hi All, great AICM conference this year. I was wondering how I could get my hands on a copy of the Debt collection by Telephone - I think Mike Murp…
Author: Teresa Brown
1 53 93 days ago Sign up or login to view
bank guarantee I currently have an applicant who I declined that is prepared to provide a bank guarantee. I understand that I will receive paperwork from their bank…
Author: Zeeks
2 142 108 days ago Sign up or login to view
Credit Control as a side job Is anyone currently working in a firm as a credit manager but also have a business on the side collecting debt for other businesses?
Author: Solace23
2 184 128 days ago Sign up or login to view
Debtors KPI's Has anyone got a good dashboard or summary documents of easily achievable KPI's they currently use. Happy for you to email to me at dtout@csu.edu.au
Author: Debts At Csu
1 105 128 days ago Sign up or login to view
Unfair preference claim We have received an unfair preference claim from a liquidator, but our credit application contains a retention of title clause. Does that mean we have…
Author: Mewing
5 172 128 days ago Sign up or login to view
Proceeds of sale In the case of an administration or receivership where the business continues trading, and where a creditor has a valid PPS registration and retention…
Author: Dave
4 145 134 days ago Sign up or login to view
Bad debts recovered Where a debt is already written off at a debtor account level, do any Credit Managers or applicable roles; allocate cash for bad debts recovered direc…
Author: Dayna
6 161 134 days ago Sign up or login to view
Debt When can a debt be said to have occurred? I work in a debt recovery consultancy company, I think that until the credit tenure expires a debt wouldn…
Author: Fredogold4Debtsalvon
5 155 142 days ago Sign up or login to view
Verifying guarantor for the purposes of registering a caveat I am searching for property for a guarantor and their name is extremely common and has turned up several matches. Other than ordering each title and …
Author: Jo Fitch
2 108 142 days ago Sign up or login to view
Holding Client Monies A client of ours was paid an amount of $5,000 12 months ago but has no idea who paid this. They have done the required searches but cannot find who pa…
Author: Solace23
4 147 143 days ago Sign up or login to view
Personal guarantee Administrators have recently been appointed to a debtor company. The credit agreement contains a personal guarantee by the director. Can the creditor …
Author: Sammy
7 195 143 days ago Sign up or login to view
Social Media Legislation Does anyone know of any social media legal legislation in relation to serving a client legal documents over Facebook/Linkedln?
Author: Solace23
5 127 143 days ago Sign up or login to view
Bankruptcy If a debt is incurred in Australia and the debtor goes back to NZ and declares bankruptcy in NZ, does this cover the Australian debt?
Author: Rachel
4 162 144 days ago Sign up or login to view
Portfolio Amortisation Does anyone have an examples of a lending book amortisation report (future cash flow broken into interest and principle) that I could have. I am afte…
Author: Rossjenelle
2 75 144 days ago Sign up or login to view
Shared ABN between a Trust & the Trustee Hi All, I have noticed a recent change where credit applicants are the Trustee as an individual but they share the ABN of a Trust. Previously, the Tr…
Author: Rodney Jarvis
3 207 158 days ago Sign up or login to view
Creditor's Petition Can a secured creditor file a creditor's petition against the debtor? If so, does it need to give up its security?
Author: Anthony B
6 166 159 days ago Sign up or login to view
New opportunities Hi, Iam a national credit manger at a distribution company, have been there for almost 7 years. I have decided that it's time I start looking for…
Author: JAYDEN
1 157 159 days ago Sign up or login to view
Creditor-Debtor Relationship. Can one who borrowed money from someone be called his debtor even when the credit tenure has not expired?
Author: Fredogold4Debtsalvon
4 95 164 days ago Sign up or login to view
Stop Supply A company trades as two separate entities and a customer has an account with both entities If the customer is overdue with one entity and is on sto…
Author: Debadel
9 252 170 days ago Sign up or login to view
How to start as a private Debt Collector - and I don't mean a bounty hunter! Looking to set up a Debt Collecting business that helps Small Businesses chase money on aged/bad debts. What training/licensing is needed?
Author: Donnac
3 146 171 days ago Sign up or login to view
Contracting Qualifications Hi I want to start contracting as a credit controller. What Qualifications do I need to do this?
Author: Solace23
2 169 173 days ago Sign up or login to view
Direct Debit authorisation via phone Our business accepts direct debit as a payment option for payment plan (hardship) customers. Currently the process includes mailing paperwork for the …
Author: Dayna
5 170 174 days ago Sign up or login to view
Stop Supply Many thanks to all who have answered by question - appreciated
Author: Debadel
0 96 177 days ago Sign up or login to view
PPSR Once an entity goes into Liquidation and Receivers appointed, and as a secured party (with PMSI & ROT covered in T&C) we could do a stocktake & retrie…
Author: Norma78
3 151 185 days ago Sign up or login to view
PPS test case for Forge $50m test case on PPSA in the insolvency of Forge is the largest to date. Would be nice if this meant a return for unsecured creditors. Link to arti…
Author: Karlhill
1 208 185 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
4 142 198 days ago Sign up or login to view
Debtor KPI's I am working on a report detailing these for our University and would appreciate any information or resources on the subject. Emailing to dtout@csu.ed…
Author: Debts At Csu
0 92 234 days ago Sign up or login to view
Are Banks Getting Tougher and Tougher ...? With the "front end" of many segments of the resources sector showing clear signs of distress we are receiving more and more enquiries for our funding…
Author: Timlea50
0 76 249 days ago Sign up or login to view
Hardship & NCCP Act Had a Bad Credit 'Clean Up' crowd call me today about a business we defaulted on Veda and had commenced court proceedings with, this business wants th…
Author: Ruigroka
5 181 250 days ago Sign up or login to view
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
1 44 271 days ago Sign up or login to view
Best Definiiton/ Quote of a credit controller What is the best definition or quote to describe what we do as credit controllers?
Author: Solace23
1 110 271 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
2 108 293 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 75 296 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
3 121 310 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
1 102 333 days ago Sign up or login to view
C/App T&C's Vs P/O Agmt T/C's
Author: Ribbn
1 36 347 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
3 104 348 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 67 348 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 85 352 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 95 352 days ago Sign up or login to view