The latest ABS survey saw "2/3 of all.....>

AUSTRALIA: The latest ABS survey saw "2/3 of all businesses report revenue had

decreased compared to the same time last year. Businesses with decreased revenue

that were operating as normal were most likely to report that revenue was up to

25% lower (44%), while businesses with decreased revenue operating under

modified conditions were most likely to report that revenue was 25% to less than

50% lower (38%)."

- Businesses were also asked to estimate the length of time that, under current

conditions, operations could be supported by currently available cash on hand.

"Several businesses commented that existing cash on hand would not be sufficient

to maintain operations if not for government support measures. Three in ten

(30%) small businesses (i.e. those with 0-19 persons employed) reported that

currently available cash on hand would support business operations for less than

3 months; compared to 24% of medium sized businesses (20-199 persons employed)

and 12% of large businesses (200 or more persons employed)."