The industry of Debt Collection industry in Australia ratified the formation of a new and very pro active industry association to be called Australian Collection & Debt Buyers Association (ACDBA) during the annual conference of the Institute of Mercantile Agents, held in Melbourne May 14 - 16.There is growing concern amongst the global collection industry that legislation like above, will be adopted by other Governments around the world unless the collection industry associations remain active and vigilant in lobbying against legislation that is based on political or media driven, and often ill informed, small groups of lobbyists driving a hidden agenda.
The collapse of global economies from around mid 2008, and through into 2009, leading to recessions in many countries, has seen tremendous and hereto unheard of efforts by governments around the world to stimulate consumer and commercial confidence.