The number of bankruptcies in Australia has fallen to a 24-year low, according to the Australian Financial Security Authority.
The Australian Financial Security Authority (AFSA) has reported that bankruptcies have dropped 9.2 per cent year-on-year to 3,765 in the March 2019 quarter, compared to 4,148 in the same quarter in 2018.
The March quarter figure also represents the lowest level of bankruptcies since the same quarter in 1995.
Falls in bankruptcies were recorded in all states and territories except the ACT, with Tasmania experiencing the largest year-on-yeardecline, at 37.5 per cent from 120 to 75.
However, Queensland recorded the largest number of bankruptcies nationwide, at 1,103 in the March 2019 quarter, down 12.6 per cent from 1,2…
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