2021 – A Busy Year Forecast for Credit Managers
2021 – A Busy Year Forecast for Credit Managers What a year 2020 has been! The world faced the unforeseen challenge of COVID-19, turning Australia and the rest of the world on its head. The impact has been felt in almost every facet of life, from the hits to the economy including interruption to international […]
Why Customers Choose AMPAC
AMPAC Debt Recovery AMPAC Debt Recovery is one of Australia’s most respected and trusted Debt Recovery Agencies. We specialise in commercial and consumer recoveries in all segments of industry and commerce. At AMPAC we deliver extraordinary outcomes because we are a team of high performing, fully licensed, long term career professionals who are passionate about […]
Recovering Overdue Strata Levies
Recovering Overdue Strata Levies The role of a collection agency when recovering overdue strata levies is to support the strata manager, making their life easier, and at the same time, support the cash flow of the building, enabling timely payment of all essential maintenance, insurance and improvements to the building. Managing the affairs of a […]
Can I Recover All of My Debt Collection Costs?
A credit application and terms and conditions of trade form the basis of your organisation’s relationship with its customers. They establish the rules of the game, and if a problem occurs with the business relationship, you want to be able to rely on these documents to help resolve the issue. A cost recovery clause is […]
AMPAC Debt Recovery Acquires Shield Mercantile
AMPAC Debt Recovery Pty Ltd (AMPAC) is pleased to announce the acquisition of Shield Mercantile Pty Ltd (Shield) effective 8th September 2020. In March 2020, the directors of Shield placed the company in administration, the purpose of which was to allow the company some breathing space in order to restructure. Throughout the process, the administrators […]
School Fee Debt Recovery
The Situation AMPAC’s client is a fully accredited higher education provider in the Perth CBD. The college is ‘not for profit’ and as such does not receive any government funding, which means its operations are entirely funded by the payment of tuition fees. The college was referred to AMPAC by another private school client, to […]
Extended Moratorium on Statutory Demands Poses Long term Risks for Credit Providers
The moratorium on statutory demands has been extended from 30th September to 31st December 2020. It is a widely held view that a continuation of the moratorium will do more long term damage to the economy than any benefits derived by the temporary reprieve for insolvent entities. Analysis of insolvency data prepared by Rodgers Reidy […]
Effective Credit Management – Part 2
Terms and Conditions of Trade A credit application and terms and conditions of trade form the basis of your organisation’s relationship with its customers. They establish the rules of the game, and if a problem occurs with the business relationship, you want to be able to rely on these documents to help resolve the issue. […]
Building Industry Credit Bureau (BICB) – Supporting Credit Professionals in the Building and Construction Sector
AMPAC Debt Recovery and The Building Industry Credit Bureau (BICB) recently met to discuss the benefits of working more closely together to build greater awareness of each other’s services throughout the building supply sector. This is timely, as the broader Australian economy has been impacted on several fronts recently by drought, bushfires and now COVID-19, […]
Temporary Changes to Bankruptcies and Liquidations – The Federal Government’s Coronavirus Response
Below is an outline of the changes made to the insolvency rules around Creditor’s Statutory Demands and Bankruptcy Notices. These changes apply whether or not a judgment has been obtained. What are the changes? The Government has brought in immediate temporary measures to: Increase the threshold at which creditors can issue a Statutory Demand on […]
