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CreditorWatch Blog

Managing your money through managing your debtors

Small Business Risk Review: Q3 2017

Small Business Risk Review: Q3 2017

CreditorWatch has conducted its quarterly analysis of aggregated and trade payment data to highlight small business behavioural and payment trends. View the latest Small Business Risk Review to see: State breakdown of court actions Payment trends of SMEs and Corporates Average Payment Default Cancelled Unincorporated Entities Click here to view a recording of a webinar we […]

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Small business ombudsman Kate Carnell calls for prompt payment of government subbies

Small business ombudsman Kate Carnell calls for prompt payment of government subbies

Stating that small business subcontractors are vulnerable to delayed payments, the Australian Small Business and Family Enterprise Ombudsman, Kate Carnell has announced she is examining payment terms and conditions for “subbies” working on government projects. “Most government departments pay their invoices within 30 days, but when a prime contractor is appointed to manage a project […]

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Let’s Talk… Late Payments

Let’s Talk… Late Payments

SMEs are vulnerable to late payers in Australia, with Small Business Ombudsman Kate Carnell stating, in April, that larger organisations are using them as a “cheap form of finance”, restricting their growth and causing solvency issues. From calls for legislation to the introduction of a voluntary code to deter late payments, late payments have never been a hotter topic, and […]

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ASIC launches crowd-sourced funding regime

ASIC launches crowd-sourced funding regime

Small to medium-sized businesses will have an opportunity to access crowd-sourced funding to help them begin or grow their business when the Australian Securities and Investments Commission (ASIC) releases its new crowd-sourced funding (CSF) regime on September 29, 2017. ASIC Commissioner John Price said: “Crowd-sourced funding provides an opportunity for small to medium-sized businesses to […]

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Government urged to simplify small business registration

Government urged to simplify small business registration

The Australian Small Business and Family Ombudsman is urging the Government to simplify small business registration. In a submission to the Government’s consultation on Modernising Business Registers, Ombudsman Kate Carnell has called for the consolidation of registration requirements for small business. “The optimal outcome would be one form hosted by a single agency on a […]

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