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Australian Risk Climate: Comprehensive Credit Reporting Has Arrived

D&B Australia cover_image March 2014D&B Australia has published a new documentation with the title “Insight”.  The document contains a number of key topics concerning the impact of the introduction. Australia finally saw the commencement of a comprehensive credit reporting system – a historic change that has moved Australia into line with the majority of the world’s developed economies, and introduced a new era for more informed and accurate decision making.

Prior to the 12 March commencement, Australia operated in a ‘negative’ credit reporting environment which limited the scope of data available for credit providers to make customer risk assessments. The inclusion of ‘positive’ data was ten years in the making, with Dun & Bradstreet having played a key role in advocating reform of the credit system and highlighting the benefits that positive data would bring to consumers, credit providers and the economy in general.

With the new credit reporting system formally implemented, industry attention now turns to its practical use by credit providers over the coming months and years, and ahead to the potential inclusion of additional consumer data.

The document also includes additional topics:  Businesses signal spending intentions, issues expected to influence operations such as business expectations and customers not paying.

To access this document click on this link

Source:  D&B Australia

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