Media release: Regional personal insolvency statistics – December quarter 2016

Tuesday, January 31, 2017

Regional personal insolvency and business related personal insolvency statistics for the December quarter 2016

The Australian Financial Security Authority (AFSA) released regional personal insolvency statistics for the December quarter 2016.

AFSA’s statistics show the number of people who entered into a personal insolvency in the quarter. A personal insolvency is a formal arrangement under the Bankruptcy Act 1966. If people are having trouble managing their debts, there are actions that they can take before turning to these formal arrangements.

New South Wales

  • Greater Sydney
    • In the December quarter 2016 compared to the September quarter 2016:
      • the number of debtors fell 8.4%; the main contributor to the fall was Wyong
      • the number of debtors who entered a business related personal insolvency fell 15.6%; the main contributors to the fall were Sydney Inner City and Wyong.
  • Rest of NSW
    • In the December quarter 2016 compared to the September quarter 2016:
      • the number of debtors fell 5.8%; the main contributor to the fall was Lake Macquarie - West
      • the number of debtors who entered a business related personal insolvency fell 10.8%; the main contributor to the fall was Kiama - Shellharbour.

Australian Capital Territory

  • In the December quarter 2016 compared to the September quarter 2016:
    • the number of debtors fell 16.2%; the main contributor to the fall was Belconnen
    • the number of debtors who entered a business related personal insolvency fell 13.3%.

Victoria

  • Greater Melbourne
    • In the December quarter 2016 compared to the September quarter 2016:
      • the number of debtors fell 1.4%; the main contributor to the fall was Tullamarine - Broadmeadows
      • the number of debtors who entered a business related personal insolvency fell by 13.9%; the main contributor to the fall was Knox.
  • Rest of Vic
    • In the December quarter 2016 compared to the September quarter 2016:
      • the number of debtors fell 7.7%; the main contributor to the fall was Ballarat
      • the number of debtors who entered a business related personal insolvency fell by 16.3%; the main contributor to the fall was Gippsland - South West.

Queensland

  • Greater Brisbane
    • In the December quarter 2016 compared to the September quarter 2016:
      • the number of debtors fell 7.5%; the main contributor to the fall was Springfield - Redbank
      • the number of debtors who entered a business related personal insolvency fell 15.5%; the main contributor to the fall was Narangba - Burpengary.
  • Rest of Qld
    • In the December quarter 2016 compared to the September quarter 2016:
      • the number of debtors fell 8.8%; the main contributor to the fall was Townsville
      • the number of debtors who entered a business related personal insolvency fell 11.7%; the main contributor to the fall was Toowoomba.

South Australia

  • Greater Adelaide
    • In the December quarter 2016 compared to the September quarter 2016:
      • the number of debtors rose 6.4%; the main contributor to the increase was Adelaide Hills
      • the number of debtors who entered a business related personal insolvency fell by 10.5%.
  • Rest of SA
    • In the December quarter 2016 compared to the September quarter 2016:
      • the number of debtors fell 16.5%; the main contributor to the fall was Mid North
      • there were 12 debtors in the December quarter 2016, a fall from 22 in the September quarter 2016.

Northern Territory

  • The number of debtors fell 11.1% in Greater Darwin in the December quarter 2016 compared to the September quarter 2016
  • There were 20 debtors in rest of NT in the December quarter 2016, a fall from 33 in the September quarter 2016
  • There were 16 debtors who entered a business related personal insolvency in Northern Territory, an increase from 12 in the September quarter 2016.

Western Australia

  • Greater Perth
    • In the December quarter 2016 compared to the September quarter 2016:
      • the number of debtors fell 6.8%; the main contributor to the fall was Wanneroo
      • the number of debtors who entered a business related personal insolvency rose 11.5%; the main contributors to the increase were Stirling and Belmont - Victoria Park.
  • Rest of WA
    • In the December quarter 2016 compared to the September quarter 2016:
      • the number of debtors fell 12.2%; the main contributor to the fall was Goldfields
      • the number of debtors who entered a business related personal insolvency fell 15.4%; the main contributors were Bunbury and Pilbara.

Tasmania

  • In the December quarter 2016 compared to the September quarter 2016:
    • the number of debtors who entered a personal insolvency in Greater Hobart fell 10.4%
    • the number of debtors fell 26.8% in rest of Tas; the main contributor to the fall was Launceston
    • the number of debtors who entered a business related personal insolvency in Tasmania fell by a single debtor, to 28 debtors in the December quarter 2016.

Personal insolvency in Australia: number of debtors per stats/territory