Daily briefs: Insolvency relief extension questioned as zombie firms increase

Federal Treasurer Josh Frydenberg and PM Scott Morrison

Despite the current hard focus on Victorian state policy decisions, there are fears the Morrison government's extension of insolvency measures announced by treasurer Josh Frydenberg on Monday are propping up zombie firms across the country. Image credit: Marion Rae/Australian Banking Daily

Two days after insolvency safe harbour measures were extended by the Morrison government, digital credit agency CreditorWatch​ noted the biggest rise in 'zombie firms' since the legislation was introduced.[.....]

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