Switzer Daily
4 May 2021
It’s
economic boom time for Australia but businesses are failing faster this year
than last year. Who’s to blame? The Morrison Government? State governments?
‘Selfish’ work-at-home employees? The Chinese health system that gave birth to
the Coronavirus? Or hard-working yet unprofessional business owners who have
found the threats of business too much?
All the
above!
These
crucial questions I considered when 2GB breakfast host, Ben Fordham, asked me
to look at a
Daily Tele story on the businesses collapsing since the end
of JobKeeper at the end of March.
Like all
good
Tele yarns, the headline grabs you: “NSW
Article content
An important aspect of the Ontario Federation of Agriculture (OFA) has always been our grassroots engagement through county and regional federations across the province.
This past year, our organization has pivoted to virtual platforms to reach our membership, engage with government officials and collaborate with fellow industry stakeholders.
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Try refreshing your browser. OFA invests surplus budget to support local federations Back to video
Through this adaption, there has been a significant reduction in the costs of travel, hotels, meals, meetings and in-person events, which has created a surplus in OFA’s funds.
Mr Archer said the advice he d received was that the main reason for the company s financial difficulties was the COVID-19 restrictions, which had severely impacted the ability of the business to trade . Mr Chan s report on the company s affairs showed creditor claims totalling just more than $1.408 million. The debts were made up of $270,000 of priority employee entitlements, $200,000 owed to the Australian Taxation Office, $760,000 owed in loans and to funders and $178,883 owed to trade creditors and suppliers. Akane Teppanyaki and Whisky Bar opened in January, 2019, but was forced to close for good due to coronavirus restrictions. Mr Archer said there were eight staff owed entitlements, which would likely be paid by the Federal Government s Fair Entitlements Guarantee scheme.
His financial planning advice has made him a household name, but that wasn’t enough to stop him getting the chop from one high-profile bank after 20 years.
His financial planning advice has made him a household name, but that wasn’t enough to stop him getting the chop from one high-profile bank after 20 years.