Queensland has forecast a budget deficit for the first time since fiscal 2002 on weaker returns from the Queensland Investment Corporation. Complex business models in the current economic climate were difficult for financiers to understand, he said.

‘This generates more activity for.restructuring practitioners in diagnostic work,’ Mr Hutchison said. Ernst & Young partner Keiran Hutchison said many banks were seeking consultative solutions to keep businesses afloat rather than moving straight to liquidation. Insolvency firms report strong demand for their services as banks deal with the fallout from the global credit crunch. Mr Rudd responded by saying Australians were ‘sick and tired of irresponsible guarantees’ such as the former government’s promise to keep interest rates in check. Coalition leader Brendan Nelson asked Prime Minister Kevin Rudd to guarantee that petrol prices would not rise under FuelWatch. THE AUSTRALIAN FINANCIAL REVIEW (-The Federal Opposition yesterday seized on a leaked email from Resources Minister Martin Ferguson to challenge the Government’s new FuelWatch price monitoring scheme, which Mr Ferguson rejected as inadequate. Reuters has not verified these stories and does not vouch for their accuracy.

Fallout shelter floor plan