ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

Australia risks 'insolvency tsunami' when coronavirus aid ends

'October cliff' looms for weak businesses that were likely doomed before pandemic

A moratorium on insolvent trading appears to have allowed many Australian businesses to forge ahead, when they normally would have had to wind up their operations.   © Reuters

SYDNEY -- Australia faces an "insolvency tsunami" when government handouts to help businesses cope with coronavirus restrictions expire on Sept. 29.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more