From creditorwatch.com.au: CreditorWatch’s Business Risk Index for March 2025 reveals a 42% increase in invoice payment defaults compared to the previous year, highlighting significant cost pressures affecting Australian businesses, particularly in discretionary sectors.

The highest closure rates were recorded in hospitality and related industries, exacerbated by reduced consumer spending and elevated business costs.

Insolvencies have risen 17% year-on-year, with tax debt defaults contributing to financial instability for many businesses in sectors such as construction and food services.