Major Legislative Reforms - Are You Ready for these changes?

AICM Roadshow

See the current details at legislation.aicm.com.au

The credit industry has recently experienced a watershed in legislative reforms.

You need to know about these major law reforms and we encourage you to attend the relevant half day seminars.

You are invited to attend any or all of the seminars that will be conducted in 2010 relating to these issues.

Sydney Seminar Information
Melbourne Seminar Information
Brisbane Seminar Information - Please note the change of dates
Adelaide Seminar Information
Perth Seminar Information

2010 National Conference

National Conference 2010 dates are 13-15 October

This years conference will be held at the Surfers Paradise Marriott Resort & Spa.

Visit the Conference Website so that you don't miss out on this popular event in 2010.

YCPA 2010

The AICM is proud to announce the commencement of its annual search for the Australian Young Credit Professional of the Year.

Credit Industry Faces Regulatory Overhaul

The National Consumer Credit Protection Acts received Royal Assent on 17 December 2009.

This wide ranging law reform will significantly impact upon the provision of consumer credit. If you or your organisation intends to continue to offer consumer credit then it will be essential that you apply for a credit license. In order to obtain a credit license you or your organisation must be able to demonstrate that amongst other things you comply with National Consumer Credit Protection Act s47(1)(f) relating to organisational competence.

To inform the development of your application for a credit license and outline credit license obligations ASIC have now released several regulatory guides including:

• ASIC Regulatory Guide 205 Credit licensing: General conduct obligations.
  (source asic.gov.au 23/12/2009)
• ASIC Regulatory Guide 206 Credit licensing: Competence and training
  (source asic.gov.au 23/12/2009)
• AICM is well positioned to assist you and your organisation in meeting your obligations.

For more information please contact AICM National Office
Phone 02 9906 4563
Email education@aicm.com.au
Alternatively you could visit the ASIC website www.asic.gov.au

AICM offers members the following discount opportunities provided by our major sponsors, Veda Advantage, D&B, Trace Personnel and Lloyd Morgan. We also provide an offer from Premium Wine Direct.
To take advantage of these offers simply become an AICM member to receive the Member Benefit Email.

The Australian Institute Credit Management invites all members, non members and colleagues to participate in the 2010 AFL and NRL FREE football tipping competitions. This year’s tipping competitions will be sponsored Lloyd Morgan the Accounting Talent Specialist.

AICM Journal

Volume 17 Number 2 - December 2009

• 2009 National Conference Report & Pictorial
• YCPA Report
• The Financially Responsible Generation, with an Appetite for Credit
• Business Payment Priorities Study

Choosing a Training Program That’s Right For You

AICM Learning Services offer a range of qualifications designed to address the learning and development needs of people who may be commencing their careers in the credit field through to those at managerial level:

• Certificate III in Financial Services
• Certificate IV in Financial Services
• Diploma of Financial Services

AICM courses address topics including: collection techniques; credit evaluation; risk management; debt recovery strategies; compliance with legal requirements; credit policy; account management and key management skills (subject to VETAB approval).

AICM Training Flexibility

The flexibility of our programs means that you may only need to attend one course and update your expertise in a particular aspect of credit, or you might like to complete a nationally recognised qualification, to enhance your reputation and status in the industry.

MEMBERS’ INFORMATION SECTION

• AICM Submission re; 2010 Corporate Insolvency Reforms - Reversal of the effect of Sons of Gwalia v Margaretic and related issues (1 March 2010)
• AICM Submission re; Insolvent Trading: A safe harbour for reorganisation attempts outside of external administration (1 March 2010)
• AICM Submission in response to ASIC Consultation Paper 124 - Duty to prevent insolvent trading: Guide for directors
• AICM Submission re the Inquiry into the Bankruptcy Legislation Amendment Bill 2009
• AICM submission, December 2009 to, "The nature & application of unconscionable conduct regulation - Issues Paper".
• Bankruptcy Legislation Amendment Bill 2009 - Exposure Draft (14 September 2009)
• AICM Submission on National Consumer Credit Protection Bill 2009 & related bills
• AICMís response to the Debt collection practices in Australia: Summary of Stakeholder consultation
• AICM submission regarding "The Australian Consumer Law - consultation on draft provisions on unfair contract terms"
• Australian Consumer Law - Fair Markets, Confident Consumers (March 2009)