Tuesday, July 21, 2020
"A tsunami of insolvencies" - Small Business Ombudsman Kate Carnell warns some businesses won't survive JobKeeper pullback
Small Business Ombudsman Kate Carnell predicts a "tsunami of insolvencies" as emergency measures like JobKeeper are gradually wound back.
Ms Carnell says some businesses now propped up as "zombie" companies would have crashed in normal circumstances and are only surviving because of the government payments.
Kate Carnell speaks with ABC's Peter Ryan.
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