THE HON SUSSAN LEY MP
DEPUTY LEADER OF THE OPPOSITION
SHADOW MINISTER FOR INDUSTRY, SKILLS AND TRAINING
SHADOW MINISTER FOR SMALL AND FAMILY BUSINESS
SHADOW MINISTER FOR WOMEN
FEDERAL MEMBER FOR FARRER
The official ASIC insolvency data, updated Monday, shows there have been almost 26,000 business insolvencies since the Albanese Government was elected and confirmed November 2024 was the worst month for business insolvencies on record with 1,442 businesses going to the wall.
November’s numbers confirm Australia has had 12,405 insolvencies in 2024. This means with a month to go 2024 is already the worst calendar year for business failures on record.
For each of the 26,000 new permanent public…