thanks its Member Supporters
 
 
AMPAC Debt Recovery
Credit Matters
BBS Debt Collections
George Laurens
First International Debt Collection
Datalink Commercial Services
Professional Collection Services
Nexxa Portfolio Management
Australian Legal Support Services
OConner Marsden and Associates
Mercantile Credit Management
Insight Mercantile
Kearley Lewis
Midstate Creditcollect
Executive Collections
EC Credit Control
Kelmar Collections
Credit Corp Collections
Shield Mercantile
Statewide Mercantile Services
National Collections
AMBA Commercial Collections
Access Mercantile Agency
Axess Debt Management
CCC Financial Group Group
AAC Process Servers and Investigations
Risk & Security Management Ltd
The Hunter Group
Commercial Credit Services
Australiawide Mercantile Agency
AMPAC Debt Recovery
Credit Collection Services Group
AusDetect
Wise McGrath
Professional Collection Services
GM Investigations
Austral Mercantile Collections
Pro-Collect
Mercantile Credit Management
Griffith-Jones and Associates
Blitz Credit Management
Capital Collection Service
Executive Collections
Commercial Credit Control
Derwent Mercantile
Debtor Reduction Solutions
Shield Mercantile
State Mercantile
Central Victorian Mercantile
Access Mercantile Agency
Kemps Petersons Receivables
MercantileCPA
Mandurah Investigations
Risk & Security Management Ltd
Dun & Bradstreet
Collection House Group
LCollect
AMPAC Debt Recovery
Recoveries and Reconstructions
FNQ Commercial Agency
Bundaberg Debt Collectors
Professional Collection Services
Victorian Protection Security Services
International Student Care
Southern Cross Collection Auction Agencies
Mercantile Credit Management
Civic and Commercial Mercantile Services
JMA Credit Control
eCollect.com.au
Executive Collections
Associated Investigation Services
Indebted Australia
Impact Financial Services
Shield Mercantile
Charter Mercantile Agency
Slater Byrne Recoveries
SS Consulting Group
Risk & Security Management Ltd
Probe Group
Waterman Receivables Management
Adjuster Corp
html slider
 

 

The Institute of Mercantile Agents Limited operates bonding schemes in Northern Territory and Western Australia following approval from the respective State governments and departments.

Financial members of the IMA are able to access the two schemes. Bonds are required under specific licensing legislation in those States/Territories for persons acting as commercial agents and/or debt collectors.

For the issue of all new bonds, NT and WA schemes work on the following basis:

  • The member makes a written application on the IMA's bond application form providing evidence of his or her financial situation; and
  • The member provides a counter indemnity for the value of the bond in favour of the IMA.

In return the IMA shall:

  • Consider the application and either accept it or reject it on the commercial basis of whether the member is able to support his/her counter indemnity; and
  • In the event the application is accepted and the member pays the appropriate bond premium, issue a fidelity bond to the member for lodgement at the appropriate licensing court.

The current premiums for bonds are:

State & type of cover Annual Premium GST Total Annual Premium Total Payable on Application
WA $6,000 bond for an individual * $330.00 $33.00 $363.00 $1,089.00 for
3 year bond
WA $10,000 bond for a corporation* $453.20 $45.30 $498.50 $1,495.50 for
3 year bond
NT $2,000 bond for a corporation
(per director)
$330.00 $33.00 $363.00 $363.00 for
1 year bond
NT $1,500 bond for a partnership
(per partner)
$330.00 $33.00 $363.00 $363.00 for
1 year bond
NT $1,000 bond for a sole trader $330.00 $33.00 $363.00 $363.00 for
1 year bond
* WA Fidelity Bonds are issued for a period that aligns with the member's license renewal period, with the standard license period in Western Australia currently being 3 years.

Bond information kits including application forms are available by clicking on the appropriate download at the top of the page. All other enquiries relating to the issue or renewal of bonds can be directed to the IMA's National Office.

Not logged in

Classified Ads

Members

Go to top