Business
Business closures are rising again in Australia, as owners approaching a ‘fiscal cliff’ call it quits – Business Insider Australia
A growing number of Australian businesses are pulling down the shutters for the last time, as they contemplate a future without government support.
- Australian business defaults jumped 23% and administrations by 11% in September, according to the latest CreditorWatch data.
- “Some businesses which have been reliant on government support are starting to accept the reality of their situation,” CEO Patrick Coghlan said.
- The rising number of business closures comes at the same time that JobKeeper and JobSeeker began to be wound back.
- Visit Business Insider Australia’s homepage for more stories.
A growing …
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