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May 2021 Newsletter
We are led to believe that the ATO will not resume recovery activity through statutory demands until early 2022. Therefore, we now believe that construction industry insolvencies will remain relatively low until the end of 2021. Forecast insolvencies for 2020/2021 financial year may reach 971.
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Upcoming Insolvencies
When being interviewed by Nathan McQuade and speaking about upcoming insolvencies, it really came to light just how much an organisation like Building Industry Credit Bureau can really help businesses supplying the Building & Construction Industry to successfully navigate credit management.
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Building and Construction Insolvency in 2021
Please read this insightful interview by Nathan McQuade, Sales Manager, QLD at NCI of Wayne Clark as he shares what he is seeing in the market and what he believes will unfold in the future for the building & construction industry..
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Credit Management in the Construction Industry
Wayne Clark was a guest writer for the Australian Institute of Credit Management’s (AICM) April 21 credit management issue. He wrote specifically about the Construction Industry.
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Credit Management in the Construction Industry – an overview
Construction is the third largest industry in Australia for the number of people it employs and its GDP (Gross Domestic Product) contribution. However, it is the second largest industry when it comes to corporate insolvencies, with an average of 1,552 per annum. Understanding the nature of the industry is extremely important for effective credit management….
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Insolvency Numbers for Construction Industry
Wayne Clark forecast that there would be 101 insolvencies for the Construction Industry for February. What did ASIC's actual number state? Read on….
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Benefits of Personal Property Securities Registration (PPSR)
Security over Personal Property. Utilising the Personal Property Securities Registration (PPSR) can be an effective recovery tool. But you have to get it right.
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5-Star Review by Bradnam’s Windows & Doors
Read this 5-star Google Review by Bradnam's Windows & Doors describing the benefit gained from membership of BICB.
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Small Business Insolvency Reforms
Nicholas Boyce of Results Legal spoke at recent BICB seminar on, 'Understanding the small business insolvency reforms and how this impacts you, the creditor.' Important information for every business.
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Understanding the small business insolvency reforms and how this impacts you the creditor
After a year of unprecedented change we have seen various legislative changes and the introduction of the small business insolvency reforms. As creditors it is important that we understand the impact this has on you and your customers.
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Overcoming the abuse of insolvency laws by related party creditors: turn a challenge into an opportunity for your business
Insolvencies are predicted to hit record numbers in 2021. Unfavourable director friendly DOCA’s seem to be part of the insolvency landscape.
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Construction Industry Insolvencies, What can we expect in 2021 and Beyond?
