
Gold Coasters suffer after worst ever year for business failures under Albo
The official ASIC insolvency data shows there have been almost 26,000 business insolvencies across Australia since the Albanese Government was elected and confirms November 2024 was the worst month for business insolvencies on record with 1,442 businesses going to the wall. November’s numbers confirm Australia has had 12,405 insolvencies in 2024. This means with a month to go 2024 is already the worst calendar year for business failures on record.