A Parliamentary dust-up over small business insolvencies is set to enter its third day, as Shadow Small Business Minister Tim Wilson challenges government counterpart Anne Aly over her claim that “dodgy” businesses are among those facing collapse.
Insolvency rates first came to the fore on Friday when Wilson asked the House of Representatives to consider if government spending is causing higher interest rates and putting extra strain on small business borrowers.
Wilson claimed business conditions have materially worsened under the Albanese government, leading to nearly 42,000 businesses “going bust” since the 2022 federal election.