Queensland companies are continuing to collapse by the dozen despite the state’s economy slowly recovering from the devastating COVID-19 shutdown.
In November 60 companies were put into liquidation or administration – far less than before the pandemic.
Previous modelling suggests thousands of Queensland small businesses continue to rely on the federal government’s JobKeeper program and a moratorium on insolvent trading.
Credit reporting agency CreditorWatch has urged the government not to extend the moratorium on insolvent trading beyond December 31.
CreditorWatch CEO Patrick Coghlan said the measures had served the economy well, but declared now was the time to rebuild.
“Extending this provision for all businesses will only kick the …
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