Original article by Su-Lin Tan
The Australian Financial Review – Page: 9 : 24-Jul-14

New Australian Securities & Investments Commission data show that the rate of insolvencies among businesses has declined 19%, to now be below that of new company incorporations. Brendon Watkins, insolvency partner at law firm Minter Ellison, says one factor is the increased vigilance on lending risk at the major banks after the global financial crisis. The assessment is backed by Australian Restructuring Insolvency & Turnaround Association CEO John Winter. However, the construction and personal services sectors still have elevated rates of insolvencies

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AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION|AUSTRALIAN RESTRUCTURING INSOLVENCY AND TURNAROUND ASSOCIATION|MINTER ELLISON|COMMONWEALTH BANK OF AUSTRALIA – ASX CBA|CRS WARNER KUGEL PTY LTD|AUSTRALIAN INSTITUTE OF BUILDING|COUNCIL OF SMALL BUSINESS ORGANISATIONS OF AUSTRALIA LIMITED|KELL AND RIGBY PTY LTD|ST HILLIERS CONSTRUCTION PTY LTD|WALTON CONSTRUCTION PTY LTD|REED CONSTRUCTIONS PTY LTD|HASTIE GROUP LIMITED|SOUTHERN CROSS CONSTRUCTIONS|NATIONAL BUILDPLAN GROUP PTY LTD