Brent Norling
👤 SpeakerAppearances Over Time
Podcast Appearances
Yeah.
Because, because like, you know, like if you've got to be a troll, I like to think that I'm a better troll.
So I sometimes have a little bit of fun.
Yeah, get my crystal ball.
You know, I won't talk about green shoots because that's what everyone does.
I actually think it's going to be a real hard next couple of years.
I, you know, coming back to the national tax debt, we've gone from 2.5 to 9.5 and I think the next update will start with a 10.
We have not started to plateau or drop that.
I'm also really mindful, and I was saying this in 2020, there is a lag between the event that caused the insolvency and the formal appointment.
And I was saying back then, things we're doing now are going to result in increased insolvency numbers in a couple of years.
The only thing I was wrong about, it wasn't a couple of years, it was more like three to four years, it started to increase.
But a lot of that was because we kept extending some of the COVID response.
And then, oh, and sorry, Grant Robinson said to the IOD to pull back on enforcement, which really slowed that momentum.
So the IOD is a key part for me.
Knowing how many companies are failing now, kind of look at it like there's going to be that lag from their customers, their suppliers, your subcontractors, you know, they're two to three years away from failing based on what we know with that lag.
Um, you know, I just, um, I look at other pressures like with, with fuel, it's really not helping, um, what was already really strained situation.
Um, so I think we, we're really in for more of the same for the next, next couple of years.
Um, there's also, there's a few things which, um,
like with the IOD, a lot of their liquidations now are going to the official Asani.
What does that mean?