Decade-high business insolvency figures may not speak for themselves, says NSW Small Business Commissioner Chris Lamont, who fears that ample data on SME hardships may go unconsidered by policymakers.
Speaking at the Council of Small Business Organisations Australia (COSBOA) annual summit on Wednesday, Lamont said better regulation is equally as important to small businesses’ performance as extra financial incentives.
The problem, Lamont said, is that reams of data outlining the struggles of small business may not easily translate to pro-small business policies.
“I would insist upon a better evidence base,” Lamont said.
The “highest level of insolvencies [since 2015] should influence policy decisions, but my fear is that’s…
