Business insolvencies surge in Australia, ASIC reports


The Australian Securities and Investments Commission (ASIC) has revealed a significant uptick in company insolvencies during the period from July 1, 2023, to March 31, 2024. Data shows that 7,742 businesses entered external administration, marking a substantial 36.2 per cent increase from the previous year.


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Posted on Apr 22, 2024
Region: Australia
insolvencies
ASIC statistics