Peter Dutton says 29,000 businesses have gone bust under the Albanese government, and he claims “Labor’s excessive regulation and interference in the economy” is to blame.
While the figure is accurate, the insolvency rate is not dissimilar to what occurred under the pre-pandemic Coalition government, according to Guardian Australia analysis of public data.
In the post-pandemic years, businesses have also had to grapple with inflationary pressures and rapid changes in customer behaviour caused by work-from-home arrangements.
From June 2022 to March 2025, 29,521 businesses have gone under, according to filings with the corporate regulator, the Australian Securities and Investments Commission. A quarter of those were construction…