A customer going into liquidation is devastating, but an additional concern for creditors is an unfair preference claim. You’ve done a great job collecting money owed, but now the liquidator is looking to claw that money back. Using the PPSR wisely can provide a powerful defence. This article explains what a preferential payment is, how PPSR can protect your business from an unfair preference claim and best practices for creditors.

Small Business Restructuring (SBR) is a lower-cost, faster insolvency option designed to help companies survive financial difficulties. They are increasing exponentially and are expected to continue to grow, now sitting at 22% of all corporate insolvencies. SBR presents unique challenges for creditors. Our guide covers what this process is, how the ATO relates, what it means for creditors and how it affects PPSR.

The Australian Financial Security Authority (AFSA) recently released its ‘State of Personal Property Securities System’ Report for 2023-24. The report focuses on the current state of the PPSR, regulatory priorities, and future directions. The report underscores the PPSR's critical role in supporting Australia's $3.6 trillion credit system by enabling creditors to protect security interests and empowering informed decision making. The PPSR holds registrations with a potential economic value of $450 billion, which is approximately 20% of Australian GDP*. Access Intell has distilled the report into key learnings for credit managers. Read on to learn how the PPSR is performing, market trends, AFSA’s future focus, and the importance of registering.

The Australian Taxation Office (ATO) Disclosure of Business Debts legislation provides tax default information that is vital to assessing creditworthiness. In this article Access Intell explains what tax default information is, why it’s important to know when extending trade credit, how director penalty notices (DPNs) relate, and where to access this information to proactively manage your business’s financial risk. With over 36,000 business tax debts disclosed in the 2023-24 financial year, businesses can’t afford to miss this critical information.

With insolvency levels as they are, PPSR Processing and Risk Monitoring are topics regularly on the credit agenda. In this, Part 2 of our Trends in Credit and AR Technology, Lynne Walton examines how workflow automation, data integration and connectivity are improving speed and efficiency and reducing risk and cost in top performing trade credit management processes.

The Australian Taxation Office (ATO) recently released their latest annual report. Access Intell has distilled all 328 pages into insights specific to credit risk management. Read on to learn how the ATO’s activities (including their return to business-as-usual debt collection and the adoption of a firmer posture towards debt repayment) has and will continue to impact credit risk management.