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New year, Review your credit practices

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January is often a slow month for businesses which creates the perfect time to review your credit practices.

Investing in tightening your credit application and terms and conditions can reap rewards for years to come in the unfortunate event that a dispute arises or a debt is unpaid.

The introduction of the Personal Property Securites Act (PPSA) led many businesses to take the opportunity to update their terms.  However, in a cash strapped commercial environment having tailor made documents and ensuring correct credit practices are adhered to will give your business the best opportunity to enforce your rights when problems arise.

For assistance with such reviews, please contact our Dispute Resolution & Litigation team on +61 8540 0200