Business-related personal insolvencies are surging, with the number of Australians entering insolvency for business reasons jumping 17.8 per cent in the June quarter.
New figures from the Australian Financial Security Authority (AFSA) show 1,093 business-related personal insolvencies were recorded in the June quarter, up from 928 in the same period last year.
The rise was sharper than the overall increase in personal insolvencies, which climbed 13.1 per cent over the year to 3,596.
Business-related personal insolvencies also increased 14.4 per cent across the financial year 2026, reaching 4,046 cases.
AFSA’s figures also show people with a history of business involvement remain a significant part of the…