• Contact
  • Feedback
Banking Day
Stay Ahead. Stay Informed.
Concise. Candid. Provocative.
Get the daily banking news that matters
Banking Day – Your trusted source for independent financial insights.
Subscribe Now
  • News
  • Topics
    • All Topics
    • Briefs
    • Major Banks
    • Authorised deposit-taking institutions
    • Insurance, funds and super
    • Payments, mobile & wallets
    • Consumer lending
    • Mortgages
    • Business lending
    • Finance regulation
    • Debt capital markets
    • Ratings agencies
    • Equity capital markets
    • Professional services
    • Work & career
    • Foreign news
    • Other topics
  • Free Trial
  • Subscribe
  • Resources
    • Industry events
  • About us
    • About Banking Day
    • Advertise
    • Feedback
    • Contact Banking Day
  • Search
  • Login
  • My account
    • Account settings
    • User Admin
    • Logout

Login or request a free trial

Business start-ups soar

03 August 2016 4:37PM
Close to 72,000 businesses were started in Australia during the June quarter, indicating a rise in business confidence.According to Dun & Bradstreet's latest Australian New and Failed Businesses report, 71,963 businesses launched in the June quarter. This is 4.8 per cent higher than in the June quarter last year and 36.7 per cent higher than in the March quarter this year.The number of businesses that failed in the June quarter fell to 10,642 from 13,023 in the March. However, the number of failed businesses in the June quarter last year was 9304.Dun & Bradstreet's figures are based on an analysis of 2.3 million businesses registered with the Australian Securities and Investments Commission. Failed businesses are those that have entered external administration or liquidation, or have been deemed insolvent and involuntarily deregistered.Dun & Bradstreet said in a commentary that the numbers indicated a marked rise in confidence and favourable conditions for entrepreneurs. New South Wales accounted for 34 per cent of all new businesses started in the June quarter - the highest number for any state or territory. South Australia had the biggest increase in new businesses, with a 44 per cent increase year on year.Western Australia recorded the highest growth in business failures - up 22 per cent year on year.

I'm a returning subscriber

*
Password reset *
Login

Request a free trial

  • Emailing you the news at 7am.
  • Covering core lending and funding issues, strategy, payments, regulation, risk management, IT, marketing and more.
  • Original news and summaries of major stories from other media – ditch your newspaper subscriptions.
  • Focused on banking and finance, saving you the time spent wading through newspapers and other services.
  • With reporting from former editors and senior writers from the AFR and The Australian.
  • Configured for your phone, laptop and PC.
Free trial Banking Day
Stay Ahead. Stay Informed.
Concise. Candid. Provocative.
Get the daily banking news that matters
Banking Day – Your trusted source for independent financial insights.
Subscribe Now

Consumer lending

  • Latitude, Harvey Norman liable for interest free GO card con

Copyright © WorkDay Media 2003-2025.

Banking Day is a WorkDay Media publication

WorkDay Media Unit Trust

  • Privacy policy
  • Terms of access and use