THE declining number of people in Mackay falling into financial ruin could be a sign of a more robust and confident economy, CQUniversity law lecturer Lance Rundle says.
Recent data from the Australian Financial Security Authority indicates fewer people fell into insolvency in the 2017 December quarter.
In total there were 60 -down from 76 in the September quarter. That figure was made up of seven business and 53 personal insolvencies.
In the Whitsundays the total number of debtors was steady at 13 in the September 2017 quarter and 14 in the December 2017 quarter.
The main industry affected by corporate insolvency in Queensland was business and personal services – at 32 per cent.
Construction, at 19 per cent, was next, followed by accommo…
Read the full article at: https://www.dailymercury.com.au/news/financial-stress-easing-as-mackay-businesses-find-/3367445/
