The annual number of business insolvencies in Australia has declined heavily compared to the year before, with only 4,235 companies entering external receivership during the 2020/21 financial year. This compares to 9,848 companies entering external receivership during the 2015/16 financial year, which is more than half the amount of businesses.
Total number of companies entering external receivership in Australia from FY 2014 to FY 2021
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Website (asic.gov.au). (March 1, 2022). Total number of companies entering external receivership in Australia from FY 2014 to FY 2021 [Graph]. In Statista. Retrieved May 22, 2022, from https://www.statista.com/statistics/1116795/number-business-insolvencies-australia/
Website (asic.gov.au). "Total number of companies entering external receivership in Australia from FY 2014 to FY 2021." Chart. March 1, 2022. Statista. Accessed May 22, 2022. https://www.statista.com/statistics/1116795/number-business-insolvencies-australia/
Website (asic.gov.au). (2022). Total number of companies entering external receivership in Australia from FY 2014 to FY 2021. Statista. Statista Inc.. Accessed: May 22, 2022. https://www.statista.com/statistics/1116795/number-business-insolvencies-australia/
Website (asic.gov.au). "Total Number of Companies Entering External Receivership in Australia from Fy 2014 to Fy 2021." Statista, Statista Inc., 1 Mar 2022, https://www.statista.com/statistics/1116795/number-business-insolvencies-australia/
Website (asic.gov.au), Total number of companies entering external receivership in Australia from FY 2014 to FY 2021 Statista, https://www.statista.com/statistics/1116795/number-business-insolvencies-australia/ (last visited May 22, 2022)