All that will happen is the cost of borrowing for people will increase.
They're talking about raising the minimum you can put someone into bankruptcy for from $5,000 to $50,000. The cost of borrowing between those two amounts will skyrocket or companies will just stop lending.
Ann: Process Update and Request for Suspension Extension, page-76
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Last
60.0¢ |
Change
-0.025(4.00%) |
Mkt cap ! $89.67M | |||
| Open | High | Low | Value | Volume |
| 61.5¢ | 61.5¢ | 60.0¢ | $82.71K | 137.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 19509 | 56.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 62.5¢ | 3572 | 1 |
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| Last trade - 13.29pm 15/11/2024 (20 minute delay) ? |
| PNC (ASX) Chart |