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Businesses are failing! Who's to blame?


Switzer Daily
4 May 2021
It’s
economic boom time for Australia but businesses are failing faster this year
than last year. Who’s to blame? The Morrison Government? State governments?
‘Selfish’ work-at-home employees? The Chinese health system that gave birth to
the Coronavirus? Or hard-working yet unprofessional business owners who have
found the threats of business too much?
All the
above!
These
crucial questions I considered when 2GB breakfast host, Ben Fordham, asked me
to look at a
Daily Tele story on the businesses collapsing since the end
of JobKeeper at the end of March.
Like all
good
Tele yarns, the headline grabs you: “NSW ....

Jarvis Archer , Ben Fordham , Australian Securities Investments Commission , Tax Office , Daily Tele , Homesafe Wealth Release , Revive Financial , Australian Securities , Investments Commission , ஜார்விஸ் வில்லாளன் , பென் ஃபார்டம் , ஆஸ்திரேலிய பத்திரங்கள் முதலீடுகள் தரகு , வரி அலுவலகம் , தினசரி டெலி , வீடமைப்பு செல்வம் வெளியீடு , புதுப்பிக்க நிதி , ஆஸ்திரேலிய பத்திரங்கள் , முதலீடுகள் தரகு ,

Builders and cafes hit as insolvencies spike 36 per cent


Builders and cafes hit as insolvencies spike 36 per cent
A high-profile building company was among the 60 Queensland firms collapsing last month as the end of subsidies put increased pressure on finances.
Business
by Glen Norris
Premium Content
Subscriber only
High-profile building company PlanBuild and a famous North Queensland restaurant were among the Queensland firms that collapsed last month as the end of subsidies such as JobKeeper put increased pressure on finances.
The number of Queensland companies that had liquidators or administrators appointed during April increased 36 per cent to 60 from 44 in March.
SM Solvency Accountants partner Brendan Nixon said he was surprised business failures had not increased more to date due to the impact of COVID-19. Insolvency experts warned last year of a tsunami of company collapses due to the pandemic. ....

Perifereia Thessalias , Perifereia Voreiou Aigaiou , Hall Chadwick , Geoff Parmenter , Kathleen Vouris , Jarvis Archer , Brendan Nixon , Richard Albarran , Marcus Watters , Cj Charlie Pty , Cuzina Redcliffe , S Security Pty Ltd , Hd Landscapes Pty Ltd , Enterprise Pty Ltd , Planbuild Homes Pty Ltd , Kamz Delivery Pty Ltd , Food Brisbane Pty Ltd , Everything Foam Pty Ltd , Emergency Risk Management Qld Pty Ltd , Australian Taxation Office , Hemmant Concrete Pty Ltd , Eco Cladding Pty Ltd , Formway Asset Holdings Pty Ltd , Valueroad Aus Pty Ltd , Construction Commission , Bateman Property Group ,

'Zombie' firms kept alive to grab government cash


‘Zombie’ firms kept alive to grab government cash
Scores of ‘zombie companies’ were kept alive in order to receive final government stimulus measures before being shut down, according to an insolvency expert.
Business
by Glen Norris
Premium Content
Subscriber only
Scores of zombie companies have been kept alive in order to receive final government stimulus measures before being shut down, according to a leading insolvency expert.
Revive Financial partner Jarvis Archer said the clean up of zombie companies was under way with an increase in liquidation appointments across a range of industries. A zombie company is defined as a failing firm that needs a bailout to successfully operate. ....

Jarvis Archer , Australian Taxation Office , Australian Securities Investments Commission , Australian Securities , Investments Commission , Business Activity Statements , Federal Government , ஜார்விஸ் வில்லாளன் , ஆஸ்திரேலிய வரிவிதிப்பு அலுவலகம் , ஆஸ்திரேலிய பத்திரங்கள் முதலீடுகள் தரகு , ஆஸ்திரேலிய பத்திரங்கள் , முதலீடுகள் தரகு , வணிக நடவடிக்கை அறிக்கைகள் , கூட்டாட்சியின் அரசு ,

'Zombie' firms kept alive to grab government cash | Fraser Coast Chronicle


‘Zombie’ firms kept alive to grab government cash
Scores of ‘zombie companies’ were kept alive in order to receive final government stimulus measures before being shut down, according to an insolvency expert.
Business
by Glen Norris
Premium Content
Subscriber only
Scores of zombie companies have been kept alive in order to receive final government stimulus measures before being shut down, according to a leading insolvency expert.
Revive Financial partner Jarvis Archer said the clean up of zombie companies was under way with an increase in liquidation appointments across a range of industries. A zombie company is defined as a failing firm that needs a bailout to successfully operate. ....

Jarvis Archer , Australian Taxation Office , Australian Securities Investments Commission , Australian Securities , Investments Commission , Business Activity Statements , Federal Government , ஜார்விஸ் வில்லாளன் , ஆஸ்திரேலிய வரிவிதிப்பு அலுவலகம் , ஆஸ்திரேலிய பத்திரங்கள் முதலீடுகள் தரகு , ஆஸ்திரேலிய பத்திரங்கள் , முதலீடுகள் தரகு , வணிக நடவடிக்கை அறிக்கைகள் , கூட்டாட்சியின் அரசு ,