The Australian economy is currently experiencing its biggest economic contraction since the1930s. Australia’s triple A credit rating is intact but on a negative slope, according to credit rating agency, S&P Global. In June, the Reserve Bank of Australia (RBA) confirmed there is considerable uncertainty about when the economy will recover. What is certain is that […]
Business has never felt riskier. The economic uncertainty delivered by COVID-19 has put question marks over everything business owners once took for granted: happy customers, regular sales, plans for growth. Now, every business needs to safeguard the very foundation of its existence: cash flow. ezyCollect is proud to announce its latest product, Credit Insights—your daily […]
At its first meeting in 2020, on March 3rd the Reserve Bank of Australia (RBA) cut interest rates to a record low of 0.5 per cent. This marks the fourth time that Australia’s central bank has cut interest rates in the past year; the coronovirus threat to the economy is the latest impetus. The interest […]
A few landmark cases in Australian courts have highlighted the importance of following debt collection guidelines when recovering overdue cash from debtors. Thanks to high profile cases like these, debt collection practices have improved. They serve as good reminders of what not to do. In Australia, the Australian Competition and Consumer Commission (ACCC) and the […]
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