Don't take the insolvency stats for the period during COVID as being the norm though. Don't forget the period to pay a statutory demand was extended from 21 days to 3 months during COVID and also the ATO (Australia's biggest unofficial lender to business) has been taking a softly softly approach to debt recover so far during 2020 and 2021 as the government doesn't want to be seen to be kicking businesses while they're down.
Go back to the 2018 & 2019 stats for what is more the norm.
Ann: Cirralto to Present at NWR Virtual Investor Conference, page-68
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