We realise that non-payment of debts causes financial distress and costs the industry millions of dollars each year. Under our minimum financial requirements policy, you need to pay all debts within agreed trading terms.
Failure to pay a legitimately owed debt that is not subject to genuine dispute will result in loss of licence.
Our new minimum financial requirements policy came into effect in October 2014, and it means that we can move quickly and decisively to deal with issues of non-payment. For more information on your financial reporting requirements visit our website.