October 2015


October Newsletter

October each year signals the largest gathering of Credit Professionals in Australia, the AICM National Conference, therefore the October Newsletter includes lots of follow up items from the conference but also important PPS updates, Veda's Credit Managers Survey as well as a link to the digital edition of the Credit Management in Australia magazine.

  Latest Topics   Upcoming Events  
Are you a Credit Professional

Do you know someone working in credit that is not benifiting from what the AICM can offer?

Why not send them the "Are you a Credit Professional" video

Don't forget about the AICM Membership handbook.

view "Are you a credit Professional"

Membership Brochure

ATO non payment of tax debt

At the conference Michael Seddon, National Director Phoenix at the ATO said that he wanted the ATO to disclose tax debts to Credit Rating Agencies such as Veda, Dun and Bradstreet and CreditorWatch.  He feels this would provide for a much more accurate risk analysis.

Significant lobbying will be required to achieve this change which the AICM would like to champion.  Please show your support by adding a comment to the Forum in the Credit Network or email 


October issue of Credit Management in Australia

This month's issue of Credit Management in Australia features articles such as:
- How to achieve Peak Performance
- Benchmarking
- Cashflow financing and benifits to Credit Managers
- Communicating the old fashioned way
- Statutory Demands
- Evolution of Banking in Australia
The issue can be viewed online or downloaded via the Members section of the Website

read online

PPSA Amendments effective 1 October 2015

Amendments to the PPS Act came into affect on 1 October reducing the number of leases of serial numbered goods that need to be registered.

This article by Moses Samaha from Veda clarifies what has changed and what hasn't.

Read article

Conference feedback

Thank you to everyone that provided feedback via the Conference App. The feedback so far indicates that the 2015 AICM National Conference was one of the best ever.

If you haven't completed the Conference Survey or provided feedback on individual sessions please follow the below links.

For session feedback the  link will take you to the Program, you will need to select the session you attended and then complete the relevant questions.

Your feedback will help ensure next year's conference is also a success.

 Conference Survey

Credit Managers Survey
Each year Veda conduct an indepth survey of Credit Managers across Australia with hundreds of credit professionals participating.

The report was released at the AICM National Conference and the highlights summarised in the October issue of Credit Management in Australia Magazine,

Download the full report

NSW Pinnacle Awards, sponsored by Dun & Bradstreet

Nominations are now open for the 2015 NSW Pinnacle Awards.  There is a category for every credit professional so nominate yourself or someone else you think is advancing the Credit Managemnet Profession or just doing a great job.
The categories are:
- Credit Manager of the Year supported by AMPAC
- Credit Supervisor of the Year supported by Dun & Bradstreet
- Senior Credit Officer of the Year
- Recruitment  Consultant of the Year
- Legal Representative of the Year
- External Collections/ Mercantile Agent of the Year
- High 5 award supported by ARMA

Nominations close 30 October 2015

The Awards will be presented at the NSW End of Year awards dinner, which will be preceeded by a half day Masterclass.


Register for Awards dinner and/or MasterClass

CCE Exam 13-16 November

At this month's annual  National Conference 26 new CCE's were welcomed. This represents the largest intake of CCE's for many years.

If you are not already a CCE and have been a member for over 12 months you may be able to start on the journey to obtaining your CCE in November by sitting the online exam.

To sit the online exam you also need to have accumulated 100 CCE points which are gained through work experience, AICM and Non-AICM training, AICM events and many other credit and professional development activities. Your current points balance can be checked through the Members section of the website or by contacting the AICM office.

If you do not yet have 100 points recorded perhaps you haven't been credited with the pointed accrued for your work history. Download and complete a Membership Assessment for and submit it to us and we will advise your revised CCE point accrual.


CCE informaton

CCE points

Register for the CCE Exam

Grant's Soapbox

We would like to know what you think on the questions below on Insolvency Practitioners. Please take a few moments of your time to answer these close ended questions.

Q1.Do you think 3 years is too long a period in which to receive a preference payment claim and that 1 year is more reasonable?

Q2. Are you happy to see fees charged by Administrators and Liquidators increase each year after appointment way more than CPI e.g 10%?

Q3. Are you happy to see Liquidators recover preferential payments and those recovered funds not being paid to unsecured or any class of creditor?

Q4. Do you think that unsecured creditors who are genuinely at arm's length should be subject to preference claims?

Please complete this short survey so we have support to enable us to lobby for change.


  NSW Events
Masterclass & Pinnacle Awards
3 Dec  
(save the date)
  QLD Events
The Great Debate and
End of Year Function
25 Nov  
(save the date)
  VIC Events
Women In Credit
20 Nov  
(save the date)
Pinnacle Awards and
End of Year Function
4 Dec  
(save the date)
CCE Breakfast
15 Dec  
(save the date)
  SA Events
Half Day Seminar
Credit Management Fundamentals
20 Nov  
(save the date)
Networking Christmas Party
4 Dec  
(save the date)
  WA Events
Credit Toolbox
Collect with Confidence
25 Nov  
(save the date)
Xmas on the Bay
10 Dec  
(save the date)

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