The ATO winding-up blitz which we reported on in May has continued through June and into July with new winding-up applications filed by the ATO continuing at levels well above the long term average and above the previous record levels.

The difference is starkly highlighted in a graph published by Insolvency Notices, below, showing that the number of non-government wind-ups (shown in light blue) remain steady, but the number of ATO wind-ups (shown in orange) are well up.  The red dotted line shows the total number of government commenced winding-ups.

Graphic Courtesy of www.insolvencynotices.com.au

For more information please contact ERA Legal.