Business
More than 5000 Australian businesses to collapse in next three months, experts say – The Guardian
Business failures set to escalate after jobkeeper ended and insolvency rules returned to pre-Covid settings
At least 5,000 Australian companies will go broke in the next three months due to the jobkeeper wage subsidy ending and other factors including insolvency rules returning to pre-Covid settings, experts say.
Brisbanes snap lockdown will also put pressure on companies struggling to survive without jobkeeper, which ended on Sunday, the chief executive of commercial credit agency CreditorWatch, Patrick Coghlan, said.
Starting the post-jobkeeper period with a lockdown in the state thats probably the…
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