New ASIC numbers out this week show more new companies were registered in June than in any other month since these records first began in 1999.
43,393 new businesses were registered in June and 385,716 in 2025-26, both new highs.
This is the first time on record that more than 40,000 businesses were registered in a single month.
More businesses were created in the month after the Budget than in any other month on record.
New analysis shows more than 1.3 million new businesses have been created since Labor came to office, another record for any 4 year period.
An average of nearly 900 businesses have been created each day of this Labor government and just over 30 have become insolvent.
There've been 30 times the businesses opening than closing each day on average on Labor's watch.
This is important to remember whenever Angus Taylor and the Coalition try to talk down our small business sector and talk down our economy.
He was at it again this week talking about insolvency rates when these are also almost half what we saw in the Howard years (0.31 per cent compared to 0.50 per cent).
The Budget contained important new support for small businesses which recognises the legitimate pressures they face.
Despite these pressures, we are encouraged by the record numbers of new businesses being created on our watch and the strong growth in business investment.
