Major retailer closures raise fears Australia will rely more on imports
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Australian businesses are facing increasing pressure from rising costs, higher taxes and expensive energy bills, with calls for stronger government support for local industries.
Federal independent MP Dai Le said many long-running family businesses are struggling to survive, with some owners even working without taking a wage to keep their companies operating.
She warned that without more support, Australia could become increasingly dependent on imported goods as local manufacturers and retailers continue to close.
Businesses are dealing with higher insurance costs, increased supply expenses and rising energy prices. Ms Le said many companies believe their actual cost increases are much higher than official inflation figures suggest.
The concerns come as several major retailers collapse or restructure. Shoe retailer Betts has entered administration and announced plans to close 20 stores, while Barbeques Galore, Lincraft and Glue Store have also faced closures or financial difficulties.
Ms Le is calling for more government investment in Australian-made products, including a proposal requiring at least 30% of goods used in Commonwealth projects to come from local suppliers.
She also criticised the federal government’s $22.7 billion Future Made in Australia plan, arguing that traditional industries such as manufacturing, textiles and footwear need greater support.
She said protecting local industries is essential to maintaining jobs, skills and Australia’s manufacturing future.
Source : News.com
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