Baycorp said in a statement released after the market closed in New Zealand that it wanted to correct some "misconceptions" about Alliance Factoring.
"In response to reports concerning impending legal action against Alliance Factoring in relation to Telstra debts loaded on to the credit bureau, the company confirms no legal process has been served on Alliance Factoring.
"The company accordingly has no comment to make in relation to this matter at this time.
"Inferences that Telstra debts are loaded on to the credit bureau before usual collection processes have been undertaken are entirely incorrect. All debt loading and recovery processes followed by Alliance Factoring are in accordance with the requirements of the Privacy Act 1988," Baycorp said.
Baycorp also said it stood by its earnings guidance stated earlier this year of between $A173 million and $A180 million for the full financial year.
