SMALL business traders in Rockhampton are faring well financially against their Central Queensland counterparts, while non-business related insolvency rates are on the rise.
This is reflected in the Australian Financial Security Authority’s latest regional personal insolvency and business-related insolvency rates for the September quarter.
Released yesterday, a snapshot of Central Queensland revealed Rockhampton experienced the most significant decrease in sole and partnered trader debtors, down 55.55% from 18 individuals entering insolvency in June to eight in September.
It was a drastic change from the increase of 28.57% experienced in the June quarter.
Gladstone’s business-related insolvencies were down 30% t…
Read the full article at: http://themorningbulletin.com.au/news/drastic-change-in-rockhamptons-september-quarter-i/3106629/