Proposed tax debt disclosure laws ‘unlikely to help SMEs’, says debt collection agency’s CEO – DynamicBusiness

Much has been said about the benefits SMEs will see from new draft legislation recently proposed by the Federal Minister for Revenue and Financial Services authorising the Australian Taxation Office to disclose business tax debts to credit reporting bureaus. While the stated aim is to help the SME sector, in reality SMEs will be largely…

Debt-relief measures ‘will reward irresponsible consumers’ – Independent Online

Proposed legislation to help over-indebted consumers might prove to be a double-edged sword, discouraging consumers from managing their credit responsibly, the Banking Association South Africa (Basa) warns. The organisation was referring to the draft National Credit Amendment Bill, which was published by Parliaments portfolio committee on trade and industry last year. Public hearings on the…