As our industry works to improve confidence in construction, partnering with the right professionals is more critical than ever for developers. iCIRT rated developers and builders now represent over half of the residential market by value, putting those whose entire build team is iCIRT rated in a unique position of being able to showcase their trustworthy credentials.
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The number of Australians looking for work is staggering. Not since the recessions of the early 1980s and early 1990s have we seen parallels to this level of devastation to Australia’s workforce and economy.
Third-party cookies have long been a favourite for tracking consumer behaviour online, so it’s hardly surprising that marketers are left wondering what to do once they’re gone. With Google’s announcement that it will phase out third-party cookies on Chrome browsers by 2022, there’s little choice but to find new ways to target audiences for online campaigns.
As lenders attempt to navigate through this period of enormous market uncertainty, Equifax will provide a series of regular analysis. While a clear picture of the future for credit markets is challenging in the short term, we hope to provide some clarity on what trends are developing, what challenges are foreseeable, how you can assess the risks to your portfolios and make prudent changes to your risk management controls.
Opinion piece by Moses Samaha, Executive General Manager, 3 April 2020
The new vernacular of flattening the curve is not a term that anyone could have anticipated as being the most used phrase of 2020, but it is, so what does that mean for lending decisions and how is it impacting the Australian economy?
Supermarkets are scrambling to hire workers to keep up with the booming demand for groceries. Job postings have spiked in government, aged care, pharmaceuticals and health care. Product manufacturers are racing to help supply critical equipment needed during the coronavirus outbreak.
You want background credit information on a business prospect, so you turn to a commercial credit report. When the report doesn’t raise any red flags about the company, you decide to go ahead and start doing business with them.
The risk of loss is significant if your new customer doesn’t pay their bills, but at the end of the day, you figure the report would have warned you of anything untoward. But would it?
A clear picture of the future for credit markets is challenging in the short term. However, as lenders attempt to navigate through this period of enormous market uncertainty, Equifax aims to help provide some clarity on what trends are developing, what challenges are foreseeable, how lenders can assess the risks to portfolios and make changes to risk management controls.
There are steps organisations can take to help mitigate the damage and strengthen their response to this pandemic.
Here are six things to consider in managing this rapidly changing risk landscape.
The end of March is the time of year when AUSTRAC annual compliance reports are due in from reporting entities. Getting your report ready is not always a straightforward task, especially if your Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) program needs work.
In Australia, university students are often required to meet certain background screening requirements if they are doing a work placement in a public, private or community health setting. Students may also require checks for other placements, such as a working with children check for education placements.
