COLLECTION AGENCIES – AUSTRALIA

Debt collector hired to chase unpaid taxes for the ATO pays zero corporate tax itself

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Original article by Jonathan Barrett
The Guardian Australia – Page: Online : 20-Jan-26

The Australian Taxation Office has awarded $42.8m worth of contracts to a company called Recoveriescorp since 2022, with the company paid to chase unpaid taxes for the ATO. However, it has been revealed that its parent company, Symbos Bidco, has not paid any corporate taxes in recent years, due to a series of annual losses. The losses were in spite of large income streams in its two most recent annual accounts, with it being the second company with major government contracts that has been identified by the media as running at a financial loss, with no tax payable.

CORPORATES
AUSTRALIAN TAXATION OFFICE, RECOVERIESCORP, SYMBOS BIDCO

Albanese government axing external debt collectors in bid to prevent another robodebt

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Original article by Paul Karp
The Guardian Australia – Page: Online : 13-Apr-23

Services Australia will assume full responsibility for recovering outstanding debts from welfare recipients when existing contracts with external debt collection firms expire on 30 June. Government Services Minister Bill Shorten has advised that all debt recovery will be undertaken in-house, contending that the nation must ensure that the robodebt scandal never happens again. The controversial scheme resulted in an increase in the use of external debt collection agencies to recover overpayments to welfare recipients. However, the majority of Centrelink debts were in fact recovered by Services Australia.

CORPORATES
AUSTRALIA. SERVICES AUSTRALIA. CENTRELINK

ASIC takes issue with NAB’s debt collection letters

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Original article by Clancy Yeates
The Australian Financial Review – Page: 17 : 27-Oct-15

Customers of National Australia Bank may have been misled by the bank. The Australian Securities & Investments Commission is concerned that the debt collection letters sent to borrowers contain references to Fairhalsen Collections and Brunswick Collections Services. Borrowers could be under the impression that they had received a warning from independent debt collectors, when in fact these two entities are part of the bank.

CORPORATES
NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, FAIRHALSEN COLLECTIONS, BRUNSWICK COLLECTIONS SERVICES, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION