The last few months of 2022 are fast approaching and we remain challenged by labour shortages, supply chain issues, a weakening NZ dollar and geopolitical events.

2022 has shifted by quickly as we approach the halfway point for the calendar year. For most, we have returned to ‘business as usual’ but this does not mean the same as it did in pre covid times. 

Despite initial predictions, insolvency and collection actions have been at record lows since the initial Covid related lockdowns in NZ.

Businesses have been challenged by COVID, but do you really know who’s struggling?

What a difference 12 months makes; last May we were right in the thick of the pandemic and the economic outlook was looking bleak. Fast forward to now and the Australian economy has recovered at a pace many wouldn’t have thought.

One of our meat clients held a multi-million dollar limit over their largest customer up until August 2020 when their insurer’s appetite to cover this customer changed and they imposed a 75% reduction on the limit overnight.

The new act that comes into effect on 1 December 2020 introduces a number of new privacy protections for individuals and greater obligations for businesses and organisations. 

At the end of December last year, the Attorney-General announced a review of Australia’s Privacy Act to determine to what extent it is protecting and empowering consumers and best serving the Australian economy.

I am pleased to announce that in October, we opened our 10th office and 1st in Malaysia.