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