Clive Palmer (Fairfax, Palmer United Party) Share this | Hansard source

My question is to the Prime Minister. Why is the Commonwealth the No. 1 petitioner of bankruptcies and liquidations in Australia, closing businesses down and moving people from productive employment to unemployment? Why does the government not introduce a chapter 11 provision similar to the US, where 85 per cent of companies that are in chapter 11 merge to keep people employed, exports going and government revenue flowing? Will the government lead the introduction of such a measure in Australia?

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