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Now Playing: The Jones Partners - Insolvency Report 2014 on Sky Business News
Jones Partners report into the impact of insolvencies in Australia was launched at a special function held at the Institute of chartered accountants on 29th July 2014 The function was attended by some 150 accountants, lawyers and bankers. The report is the first of its kind looking at the impact of insolvency administrations are on the Australian economy and the impact on the economy on various insolvency administrations. In addition to the professional attendances there was great interest by the general media. The following day Michael Jones was interviewed on Sky Business News by Bridie Barry. The interview covered various issues raised in the report including the dominance of SMEs among insolvency numbers and the impact these corporate failures have on unemployment. The interview also highlighted the fact that the Australian economy was covered currently moving into a very risk averse mode and although this was showing a temporary reduction in the personal insolvencies in the longer term this may have a negative effect particularly when consumer conservatism is combined with investor conservatism
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