Hospitality sector facing a severe downturn, with construction and retail also showing ongoing signs of struggle.
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The Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) reforms are crucial for protecting the financial system from illegal activities. This overview explains the key changes brought about by Tranche 2 detailing essential compliance mandates and effective risk management practices.
The pace of businesses engaged in construction activity employing more than 5 full time staff entering initial external administration has slowed in the financial year ended June 2024. This is in contrast to the businesses employing less than 5 full time staff which continue to report a higher number of initial external administrations, thus lifting the overall construction business failure levels to record highs.
iCIRT, the independent construction industry rating tool, is designed to provide an independent assessment of entities operating in the construction industry, having the capability, capacity and willingness to support the delivery of trustworthy built assets.
Equifax A/NZ joins the Dun & Bradstreet Worldwide Network as member for A/NZ region
Red flags appearing for SMEs and Sole Traders, including an increasing reliance on personal credit and rising arrears
Hiring the right builder is one of the most important decisions you can make when embarking on a construction project in Australia. Unfortunately, not all builders are reputable. Dodgy builders are a significant problem in the construction industry, and they can cause serious financial, legal, and safety, issues for homeowners. Whether you're renovating, building from scratch, or just adding an extension, the risks of choosing a bad builder can be costly.
This guide can help you identify the signs of a dodgy builder and provide practical tips on how to protect yourself.
Buy Now Pay Later demand sees strong return to growth; workers in retail and hospitality relying on unsecured credit to make ends meet
Buying a home or investing in property is a significant financial decision—one that comes with risks, especially in identifying reliable builders and developers. To assist in addressing these challenges, the Independent Construction Industry Rating Tool (iCIRT) was developed. iCIRT empowers buyers by providing transparent, data-driven ratings for builders and developers, helping them make informed decisions. But how does it work, and why is it so vital?
With heightened risk in the construction sector, lenders are continuing to exercise greater caution, meticulously evaluating every aspect of a project before committing resources. Given the critical role of investment and finance in real estate and property development, a lack of funding or excessive cost-of-capital could spell doom for construction projects before they even clear the approval stage.
Cleansing your customer data of deceased records improves data integrity and helps businesses mitigate legal and financial risks. As the new year approaches, it’s an ideal time to cleanse your database and ensure it contains accurate and up-to-date customer information.
