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Propping up non-viable businesses will hurt the economy in the long run

Liam Bartlett

Australia’s peak body for insolvency practitioners has warned of growing risks in government COVID-19 support schemes.

Chief executive of the Australian Restructuring Insolvency and Turnaround Association John Winter says allowing businesses to continue to trade, just thanks to support payments, will lead to debt contagion and could overwhelm the resources of the country’s insolvency practitioners.

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Liam Bartlett
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