ACCC chair Rod Sims.
Debt collectors misleading or harassing small businesses will be closely monitored by the consumer watchdog, amid growing concern of a spike in unfair debt collection practices now that COVID-19 support measures have ended.
The Australian Competition and Consumer Commission (ACCC) is concerned that the end of both JobKeeper in March and temporary debt relief measures in January will lead to a surge in debt collection activities.
To discourage debt collectors from using unfair or illegal tactics to recover debts from small businesses, the ACCC is closely monitoring complaints and will take action when necessary.
The ACCC is also encouraging business owners in financial distress to contact a financial advisor or t…
Read the full article at: https://www.smartcompany.com.au/business-advice/consumer-watchdog-crack-down-dodgy-debt-collectors/
