Around the country hundreds of builders have already collapsed this year and many more are expected to follow. The situation in the construction sector has been described as ‘unprecedented’..

Since the beginning of the pandemic the data that we have reported on has been very unusual and not what we would have initially predicted. The Australian Government helping the economy financially has played a large role in reducing the amount of corporate insolvency from 2020 to 2022.

2022 has shifted by quickly, many businesses are now finalising their FY23 budgets and preparing for the End of Financial year.

We were pleased to facilitate a claim payment for a creditor of Probuild in just 13 days from lodgement.

Yet again, the saying “too big to fail”, proved simply untrue with the recent appointment of Administrators to Probuild.

Welcome to the first NCI Minute for 2022. It’s been a mixed start to the year with most of our teams working in a hybrid environment. By now, most have returned to the office and we’re looking forward to being able to catch-up with clients and partners more regularly this year.

The end of January saw the PPSR clock up its first decade of operation. As we light the birthday candles to celebrate 10 years, it is worthwhile reflecting on some key milestones.

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.

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”.