4 December 2007
Media Release
Following the appointment of a collections panel by the Australian Taxation Office (ATO) on 11 October 2007, Dun & Bradstreet (D&B) confirms today that the first round of debt has been placed and the collections process is underway.
The appointment of the panel followed a pilot program conducted with Dun & Bradstreet which collected $21 million in outstanding debt for the Australian Tax Office.
For further information, or to arrange an interview please contact:
Danielle Woods
D&B PR Manager
(02) 8270 2926
About D&B
D&B is the world's leading provider of business-to-business credit, marketing and purchasing information and receivables management services. D&B manages the world's most valuable commercial database with information on more than 130 million companies.
Information is gathered in 193 countries, in 95 languages or dialects, covering 186 monetary currencies. The database is refreshed more than one million times daily as part of D&B's commitment to provide accurate, comprehensive information for its more than 150,000 customers.
The Australasian operations were bought out by the senior management group in August 2001. It was the first MBO of a wholly owned subsidiary in D&B's history worldwide.
Today Lazard Carnegie Wylie owns an approximate 90% stake in DBA and the local management team a 10% stake.
Strategies for future growth include developing DBA's commercial and consumer credit referencing business; expanding its receivables management outsourcing business; maintaining its lead in the development of unique credit and risk scoring products; and developing new products specifically tailored to the Australasian market. DBA currently employs over 500 people in Australia and New Zealand.
