Daily briefs: Ombudsman warns of ‘insolvency tsunami’

Australian Small Business and Family Enterprise Ombudsman Kate Carnell

ASBFEO's Kate Carnell says Australian small businesses face wide liquidation unless changes to insolvency practices are made. Image source: Mick Tsikas/AAP

The Australian Small Business and Family Enterprise Ombudsman Kate Carnell said a report on insolvency practices exposed "systemic failures" and Australia faced an "insolvency tsunami" in coming months unless measures were taken.[.....]

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