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The latest news and insights. 

Are you at risk of receiving substantial penalties?

Find out everything you need to know about the law changes regarding unfair contract terms (UCT’s) that came into effect on the 9 November 2023.

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Keeping your EC Credit Control Web Portal Secure

EC Credit Control takes the responsibility of securing your financial data very seriously and that’s why we have recently introduced a new two-factor authentication (2FA) system to access the web portal.

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Privacy Awareness Week 2024

The 6th – 12th May 2024 is Privacy Awareness Week in Australia. Run by the Office of the Australian Information Commissioner (OAIC), Privacy Awareness Week is designed to raise awareness of privacy through themed communications and events.  The theme this year is “power up your privacy” and is focussed on privacy and technology and the […]

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What happens when a business collapses?

The news over the last few days of the Rork group of companies collapsing is a startling reminder of the reality of the current Australian economic climate. Rork Group had 63 construction projects spread across QLD, NSW, ACT and VIC at the time of its collapse. Administrators for the company have reported that the company […]

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Reduced consumer spending ripples through Australian economy, who’s next?

Australian Credit Bureau Illion has recently reported in their February 24 Economic Snapshot that a slow down in spending by Australian consumers at Cafes and Restaurants during recent months is beginning to show a significant rise in the average number of days to pay their suppliers. Illion reports that over the last 4 months, Australian […]

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What you need to know about Subcontractor Agreements

What is a Subcontractor Agreement? A Subcontractor Agreement is a legally binding contract between the head contractor and the subcontractors. This contract defines who is responsible for: The work Protection of people and property Control of employees and who pays them Materials and equipment Site cleaning Dispute resolution Programme of works and variations Insurance Licences […]

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Dry hire vs. Wet hire – The facts

What Hire Agreement is right for your business? If you’re hiring out physical equipment, machinery or vehicles you’ll need to have a hire agreement in place, firstly to protect your assets and secondly to mitigate any risk. There are two types of hire agreements – dry hire and wet hire. To know what type of […]

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How East Coast Glass and Glazing benefited from Terms

Success Stories: How East Coast Glass and Glazing benefited from Terms and Conditions of Trade. Starting a new business can be both exciting and daunting. Husband and Wife team, Chris and Emma McCarthy know this first hand.  After 15 years working in the industry for others, it was time to set up East Coast Glass […]

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9 tips for maintaining customer relationships when collecting debt

Effective debt management is an integral part of running a successful business. We understand that debt recovery can feel daunting. Fear of hurting customer relationships is one of the most common reasons why small business owners don’t pursue debts. However, with the right care and experience, it is absolutely possible to recover debt while maintaining […]

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Registering your new business – What you need to know

Thank you to our accounting software partner Xero for this great content. There is a bit of paperwork and people who need to know about your new business. Here are a few fundamentals you need to know. How to register a business with the government. There are a few government departments that need to know […]

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Choosing your business structure

There are a few ways you can structure your business, each with its own set of pros and cons. Businesses, organisations, non-profits and charities have certain tax obligations when setting up. They may also have obligations with other government agencies like the Companies Office or Charities Services. Here is some information on the different options. […]

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What makes a good business owner?

We talk to many business owners about what made them successful, and there are some recurring themes that have helped them and added value to their operations. Let’s take a look. Assess your current practises on a regular basis. Running a regular assessment of your current processes is beneficial. Your assessment will help pinpoint if […]

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Reducing your risk as a supplier

If you supply goods or assets, you could be putting your business at risk.  The PPSR could be of benefit to you and reduce the risk. What is the PPSR? PPSR stands for Personal Property Securities Register and is an online service account where you can register a legal claim to your personal property. The […]

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Onboarding your customers the right way to save any future hassles

Have you been thinking about tightening up your processes for when the unexpected happens? We talk about handshake deals a fair bit and that’s because many of our clients and the business owners we talk to on a daily basis have been guilty of agreeing to them. Sometimes those deals are fine, but on occasion, […]

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Cash flow forecasting for the future

Planning your future financial position Cash flow forecasting involves estimating your future sales and expenses. A cash flow forecast is a vital tool for your business because it will tell you if you’ll have enough cash to run the business or expand it. It will also show you when more cash is going out of the […]

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Does my website need terms of use?

Why you need website terms of use agreement. We see terms of use agreements on websites we look at, but you may not realise how important it is for your own business website. If you have a business website, it’s a good idea to have terms of use to protect your business and your visitor’s […]

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Why having a Privacy Officer is essential

If you are a public or private sector organisation that deals with customer information our law recommends having at least one person who fulfils the role of Privacy Officer.  In this blog, we detail their role, why having a Privacy Officer is essential and what your responsibilities are under the Privacy Act. What is a […]

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Easy ways to improve your billing workflow

Are you looking to get paid on time? End of month billing can be a daunting prospect, and there is no guarantee of on-time payment. However, by improving your billing workflow there is a greater chance of having a healthier cash flow. Here are some ways you can improve your invoicing processes. Outline your terms […]

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Top tips for small business success

At EC Credit Control, we’re lucky enough to work with a wide variety of businesses, big and small. From our debt resolution team to our Terms and Conditions of Trade drafters, we have borne witness to many stories of success and failure over the years. Consequently, we have some interestingly common threads. We want to […]

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Good practices to keep your business thriving

They say an “apple a day keeps the doctor away”.  The same can be said for implementing good practices to keep your business thriving.  A healthy business is a successful business.   There is no one size fits all approach. However, there are proven ways to reach growth milestones. We have compiled a list of some […]

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Handy tips to secure your cash flow

Don’t be a business casualty – find out how we can help secure your business. An article released by National Business Review on Tuesday 14 March 2022 suggests that a wave of insolvencies is imminent. With that news coming from a well-respected publication, it’s a good time to ensure your interests and assets are protected […]

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Sustain business growth with a healthy cash flow

The virtues of a heathy cash flow All business owners want to have healthy cash flows but what does a “healthy cash flow” really mean? A positive cash flow simply means more cash flows into your business bank account than out of it, which is essential for a company to sustain long-term growth. A consistently […]

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What you can do for your business, while you can’t do business

In these unprecedented times while the country is in different states of lockdown it may be a good opportunity to get your paperwork and cashflow in order. There are many ways we can assist you to ensure the smooth running of your business, so when we are fully out of lockdown you can concentrate on […]

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AFL Superstar Jack Riewoldt and Supercars Champion Scott McLaughlin and discuss EC Credit Control

We’ve got a lot of clients in the automotive industry and many AFL supporters. Have a listen to AFL Superstar, Jack Riewoldt and 3 time Supercars Champion, Scott McLaughlin talking about us with on their latest podcast ahead of the Great Race – the Bathurst 1000 Check it out here As Jack and Scott say, […]

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