The Age has reported the government may consider extending the deadline to those safe-harbour rules which would consequently allow businesses to continue to trade while insolvent.
Sky News host Peter Gleeson said, “I was talking to a financial counsellor … he actually pre-empted exactly this, that when this particular lifeline ends, that’s when you’ll see the proverbial hitting the fan in this country.” Image: Getty
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Even before covid19 there were too many companies around. Need a reset like this every now and then to wipe out a few....and more.