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'Record high': Payment defaults stoke fears of mass insolvencies

CreditorWatch s monthly Business Risk Index showed defaults on payments between businesses reached a record high of 1,586 in June, increasing the risk of insolvencies across the economy as household spending slows and further interest rate rises loom. ....

Anneke Thompson , Patrick Coghlan , Gayle Dickerson , Australian Bureau Of Statistics On , Australian Bureau Of Statistics , Business Risk Index , Reserve Bank , Watch Chief Economist Anneke Thompson , Australian Bureau , Payment Defaults , Household Spending , Interest Rates ,