Subcontractors in Australia are at risk of not getting paid on time or at all as more construction companies go bust. Just last week, West Australia company, FIRM Construction, went into administration, joining several others in the embattled industry. More Insolvencies Likely in the Residential Construction Industry The Reserve Bank
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Businesses selling goods or services on credit terms are often vulnerable to bad debt and payment default. Slater Byrne Recoveries has recently been in contact with Lockton – a global leader in risk management and insurance – and we thought businesses might be interested in learning more about Lockton’s trade
Running your own business can be extremely rewarding. Working with customers and delivering the products or services that meet their requirements and getting a satisfactory review for your service is happiness that you cannot achieve unless you are running your own business. Being a business owner, however, often gets frustrating
It is every business owner’s dream to have customers who make timely payment of unpaid invoices. That is not always the case though as delayed payments are still rampant in many industries, like the aged care industry. Business owners should not be discouraged with longer payment terms in their industry
The aged care system by the Australian government aims to provide its aging population support either through home assistance or through retirement living in residential aged care home. According to the Department of Health and Aged Care, the number of older Australians needing aged care support services grew through the