WAs economic slowdown hasnt led to the dramatic rise in insolvencies many had expected, according to leading industry representatives.
Low interest rates and business-friendly bank practices are among the factors keeping a lid on corporate collapses as the states economy hits the brakes, according to a number of high-profile industry professionals spoken to by Business News.
Nevertheless some small businesses are under significant pressure, particularly from the Australian Taxation Office, while construction is among a number of areas nationally facing problems sector-wide.
On a political level, the federal government is considering changes to bankruptcy laws allowing bad contracts to be terminated due to insolvency while permitting busine…
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