A large volume of businesses have exited the state of Victoria over the past 12 months to June 2023.
Australian Business Statistics (ABS) data showed that 7,606 businesses were de-registered from Victoria over the 2022-23 financial year.
A general view of indoor diners at a restaurant on Chapel Street in Melbourne, Australia on Oct. 22, 2021. Asanka Ratnayake/Getty Images
Celene Ignacio
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Celene Ignacio is a reporter based in Sydney, Australia. She previously worked as a reporter for S&P Global, BusinessWorld Philippines, and The Manila Times.
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