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The COVID-19 pandemic in Australia was a part of the worldwide pandemic of the coronavirus disease 2019 caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The first confirmed case in Australia was identified on 25 January 2020, in Victoria , when a man who had returned from Wuhan , Hubei Province, China , tested positive ...
On 30 April 2020, the ACT declared itself to be free of all known cases of COVID-19, the first Australian jurisdiction. [87] However, on 4 May there was a one new case, a young woman who acquired the virus overseas. [88] On 10 May, the ACT was again free of active COVID-19 cases. [89]
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Hertz Global (HTZ) files for bankruptcy protection after its creditors refuse to allow further extension for clearing dues beyond May 22.
Under Australian law, the term insolvency is usually used with reference to companies, and bankruptcy is used in relation to individuals. [1] Insolvency law in Australia tries to seek an equitable balance between the competing interests of debtors, creditors and the
On 11 January, a total of 1,042,293 cases of COVID-19 were reported in Australia, 2,416 deaths, and there were approximately 612,619 active cases. Over the past 7 days, new cases averaged 70,708 per day. Over 57,561,000 tests had been done, 1.8% were positive. [17] On 12 January, a total of 1,124,138 cases of COVID-19 were reported in Australia.
The COVID-19 pandemic caused far-reaching economic consequences [1] including the COVID-19 recession, the second largest global recession in recent history, [2] decreased business in the services sector during the COVID-19 lockdowns, [3] the 2020 stock market crash (which included the largest single-week stock market decline since the financial ...
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