Help reduce your risk of being swindled by unreliable operators and fly-by-night businesses with ASIC’s free app for smartphones and tablets.
Last year, ASIC released a free app for smartphones and tablets called ASIC Business. The app aims to reduce small business owners’ risk of being stung by unreliable operators and dubious businesses by taking them through straightforward checks to verify information about the other businesses they may currently be dealing with.
According to ASIC, the app helps business owners to:
- ask the right questions about the company, business and individuals they are dealing with;
- check ASIC’s registers and verify that the information they have been given is accurate;
- seek ASIC’s help if they need more information or the support of a professional business adviser; and
- report suspected misconduct to ASIC if they believe a company, business or individual is acting unlawfully.
‘Due diligence needs to start the moment you’re thinking about starting a relationship with a business, not after you find out you’re chasing money from a business that doesn’t exist.’ , says ASIC Commissioner Greg Tanzer.
‘We understand that time and resources are tight for small businesses, which is why we’ve developed a tool which is free and easy to use. Small businesses account for 96 per cent of businesses registered with ASIC, so a big focus for us in 2014-15 is providing the sector with information that is not only easily understood, but relevant and accessible.
ASIC Business Checks is available now for Apple devices via iTunes and via Google Play for Android devices.