I can speculate
I have no idea why Camit folded but I can speculate ....
First there was the OH&S bull****e that cripples workers and costs heaps in productivity.
Then there was the insurance you blokes seem to love so much. Public liability ****e springs to mind but also include workers comp that pays vast sums to idiots who cannot take responsibility for themselves and costs way more than it should.
On top of that there was the general fear that liability may become an issue anyway - thanks to insurance companies and fearmongers, the latter of which are becoming all too common in Australia.
Then there was pressure on the bottom line from their clients, forever wanting a cheaper product.
Then CASA came knocking and wanted compliance with regulations that either didn't exist or where they did, no one could understand them.
Finally the Aussie grubs in grubment land came along and waved the legislation book. Again no one could understand what was written in it.
Then finally the banks in a time of almost zero interest rates insisted on charging exorbitant interest and got away with it because no one wants to take them on.
Just speculation. I must be bored.