A forum for a group of Industry Credit Personnel to gather and exchange factual information concerning a customer’s ability to pay to the agreed terms.
This enables participants to identifying early signs of risk within the guidelines of the Competition and Consumer Act.
What are the benefits?
A reduction in exposure to bad debt
Hi-light customers that are forced to transfer between suppliers due to non-payment
Access to the TBA Trade Reference Data Base
Provide the opportunity to discuss specific industry related problems
A Bureau is an excellent vehicle for obtaining independent references on new accounts
Identify payment trends in your industry
What are your obligations?
To contribute to the content of the meeting
To ensure complete confidentiality of information exchanged
To commit to regular attendance
Trade Bureaux Australia has 60+ years of industry experience and has vast access to Accountants, Liquidators and a network of legal advisors who assist to keep our members fully informed and up to date on the following:
- PPSA Regulations
- Understand the collection guidelines issued by ACCC & ASIC
- Privacy provisions / Competition and Consumer Act
- Misuse of information
- We are able to provide Guest Speakers on other relevant matters
How do Trade Bureaux Work?
Each member forwards to TBA, a list of accounts for discussion. TBA then compiles a book with all submissions.
The member then makes notes on accounts that they can comment on.
A meeting is convened and facilitated by an independent chairperson provided by TBA.