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LATEST NEWS

Keeping our clients informed.

Latest news and press releases

What’s been happening in the world of trade credit? See here for all the latest news, articles and events.

Director Identification Numbers

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. Thus, it is with some optimism that we greet the introduction of Director Identification Numbers (DIN) this month.

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A Word From The Managing Director: Kirk Cheesman

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. Now that government support (i.e. Jobkeeper) is gone and recent lockdowns impaired cashflow further, the number of business insolvencies is bound to come bubbling to the surface.

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Trade Credit Risk Index Q3

Incoming claims and collections, steady, for now.

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PPSR: Dealing with Zombie Registrations.

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”. It is perhaps timely then, to briefly run over the steps that need to be taken when:

  • A registration has served its purpose and no longer secures any obligation; or
  • The registration that was lodged does not match any security interest you granted.
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A Word From The Managing Director: Kirk Cheesman

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.

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Trade Credit Risk Index Q2

Claims and insolvencies low, but when will they rise?

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Building and Construction Insolvency in 2021

Court of Appeal decision will help suppliers keep hold of their money.

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.

Liquidators’ rights in this area have always been a contentious issue and the manner in which preference claims have been calculated when there has been repeat trading under a credit account has left many scratching their heads.

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A Word From The Managing Director: Kirk Cheesman

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.

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Trade Credit Risk Index Q1

TCRI score hits new low… but insolvency hits projected to increase

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