Australia

Bigger companies are now taking longer to pay creditors.

A survey of Australia's top chief financial officers (CFOs) has found that organisations are struggling to come to grips with International Financial Reporting Standards (IFRS).

The Australian economy is showing unrelenting strength, with forward orders and capital expenditure accelerating in trend terms through the September quarter, according to a survey of business conditions by the National Australia Bank (NAB) releas

The telephone ombudsman has given major phone companies until Christmas to stop harassing customers for phone bill debts or face tougher rules governing their pursuit of payments.

Australia's debtor finance industry turned over more than $20 billion in the last financial year in a milestone result, new statistics have shown.

The Export Finance and Insurance Corporation (EFIC) finalised the sale of its short-term export credit insurance business to GERLING NCM Tuesday (30 September).

With insolvencies on the rise due to the Australian Taxation Office’s (ATO’s) toughened approach on debt collection, more businesses are considering the benefits of factoring compared to the traditional forms of cashflow finance.

Family-owned businesses in struggling regional towns fear they may be targeted by a new $40,000 New South Wales (NSW) Government stamp duty burden.

The latest CPA Australia survey of 600 small businesses found that 28 per cent of respondents had suffered from fraud.

A new survey has found that business confidence among Australia's small- and medium-sized enterprises (SMEs) jumped substantially last quarter based on actual performance as well as expectations for the future.