Stepping back from the insolvency cliff

JobKeeper 2.0 will likely increase the pressure on some businesses who know that they will soon no longer qualify, write James Stewart and Matthew Woods.

When Australia first went into lockdown following the rapid escalation of COVID-19 infections in March, business owners, directors and managers faced significant uncertainty and confusion as they watched, in many cases, their businesses enter a state of government-mandated paralysis.Our national focus was appropriately on the health consequences of COVID-19, with early policy settings targeted towards ‘flattening the curve’.The widespread closure of businesses presented economic and commercia...

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Authors: James Stewart, Matthew Woods

Published Date: 30 July 2020