A report issued by one of Australias leading credit agencies is warning COVID-19 insolvency relief measures will cause a domino effect of business shutdowns.
CreditorWatch says the safe harbour moratorium that is relaxing insolvency rules will dent business confidence and plunge the country into a deeper recession, as government assistance mechanisms are propping up businesses that will inevitably fail.
The moratorium, which is scheduled to end on September 25, enables companies that have become insolvent during the pandemic to c…
Read the full article at: https://www.theaustralian.com.au/news/latest-news/new-report-shows-covid19-relief-measures-could-be-doing-more-harm-than-good/news-story/68960a3543ebfea04f41ea98cb0c73bc
