While Australian company insolvencies are still below pre-covid trends, total losses are huge. Just don't ask ASIC how much.

Andrew Linden of RMIT University highlights how ASIC’s opaque insolvency statistics obscure the true cost of corporate failures, and uses back-of-the-envelope calculations from Series 3 reports and media disclosures to estimate that company and business-related personal insolvencies drained $20–35 billion from creditors in 2023–24.

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