New study: Australian businesses shift credit risk focus as JobKeeper comes to a close
“Government support programs have enabled Australians to avoid overdue debt throughout 2020, however our bureau shows some possible concerning trends as these begin to come to an end,” said Mathew Demetriou, Experian’s GM of Decision Analytics.
ABA launches new online tool to guide customers in financial hardship
As more than 11,000 business loans remain deferred, the next phase of support from the banks includes a new Financial Assistance Hub for struggling clients.
There is concern that insolvency proceedings for businesses will begin to climb as stimulus and other forms of relief end in March 2021. Rolf Howard of Owen Hodge Lawyers discusses how businesses can weather any March cliff and avoid insolvency.
'Historic' Federal Budget welcomed by Ombudsman, VCCI
“The Federal Government has clearly acknowledged the role small and family businesses have to play in the nation’s economic recovery,” said Ms Carnell.
JobKeeper changes provide additional Federal support for Victorian businesses
The Treasurer's announcement “ensures valuable support can continue to be accessed by business at a time when the Victorian economy has all but been brought to a grinding halt.”
