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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.

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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Top-Up Insurance: The Benefits

One of our meat clients held a multi-million dollar limit over their largest customer up until August 2020 when their insurer’s appetite to cover this customer changed and they imposed a 75% reduction on the limit overnight. NCI repeatedly appealed this decision based on supportive financials, strong trading history between our client and their customer, coupled with this particular client having an excellent track record at collecting their trade debts.

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A Word From The Managing Director: Kirk Cheesman

Welcome to 2021, another stop-start year for businesses? I think by now we have all become accustomed to mini lockdowns, circuit breakers and working from home.

2021 is another year of uncertainty. So far, due to government support and protection mechanisms, there have been minimal insolvencies during the Covid period, but will this continue? How much did Jobkeeper and ATO/Bank support relieve the “cash flow” pressure for businesses and, once these are wound back, will we see a new wave of insolvencies and higher unemployment?

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Trade Credit Risk Index Q4

Government intervention gives reprieve to Credit Risk… but what about 2021?

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Review of Australia’s Privacy Legislation

At the end of December last year, the Attorney-General announced a review of Australia’s Privacy Act to determine to what extent it is protecting and empowering consumers and best serving the Australian economy.

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ASIC Company register update – July to September 2020

The ASIC company register has released the following breakdown of activity between 1 July and 30 September 2020:

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A Word From The Managing Director: Kirk Cheesman

As we approach the end of 2020, business confidence looks to be increasing with many industries performing well and most lockdown restrictions now removed. NCI’s latest Trade Credit Risk Index reported a sharp decline in credit risk, mainly due to lower incoming claims and collections activity, plus a reduction in Insurer credit limit actions.

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