Non-viable firms propped up by govt and other supports: KPMG

KPMG's head of banking says banks face challenges. (Image:supplied)

Wed, 13 Apr 2022

Accounting firm KPMG said a number of the businesses it has been appointed to as liquidator received a range of government and other financial lifelines despite being already heavily indebted."Financial lifelines have been extended to numerous businesses where recovery was highly unlikely," KPMG's insolvency staff said in the latest financial institutions performance survey.These lifelines included the government's wage subsidies and business grants, low interest rates, rising property prices and a more empathetic approach to...

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