The Australian Financial Security Authority (AFSA) released regional personal insolvency statistics for the September 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 September quarter 2016 compared to the June quarter 2016:
- the number of debtors fell 7.3%; the main contributor to the fall was Gosford
- the number of debtors who entered a business related personal insolvency rose 5.5%; the main contributor to the increase was Campbelltown.
Rest of NSW
In the September quarter 2016 compared to the June quarter 2016:
- the number of debtors fell 6.6%; the main contributor to the fall was Newcastle
- the number of debtors who entered a business related personal insolvency rose 1.3%; the main contributor to the increase was Kiama – Shellharbour.
Australian Capital Territory
In the September quarter 2016 compared to the June quarter 2016:
- the number of debtors rose 6.7%; the main contributor to the increase was Gungahlin
- the number of debtors who entered a business related personal insolvency rose 25.0%.
Victoria
Greater Melbourne
In the September quarter 2016 compared to the June quarter 2016:
- the number of debtors fell 5.8%; the main contributor to the fall was Melton – Bacchus Marsh
- the number of debtors who entered a business related personal insolvency increased 1.0%; the main contributor to the increase was Knox.
Rest of Vic
In the September quarter 2016 compared to the June quarter 2016:
- the number of debtors increased 0.5%; the main contributor to the increase was Gippsland – South West
- the number of debtors who entered a business related personal insolvency increased 17.8%; the main contributor to the increase was Gippsland – South West.
Queensland
Greater Brisbane
In the September quarter 2016 compared to the June quarter 2016:
- the number of debtors fell 8.2%; the main contributor to the fall was Wynnum – Manly
- the number of debtors who entered a business related personal insolvency rose 4.5%; the main contributors to the increase were Narangba – Burpengary and North Lakes.
Rest of Qld
In the September quarter 2016 compared to the June quarter 2016:
- the number of debtors fell 5.3%; the main contributor to the fall was Toowoomba
- the number of debtors who entered a business related personal insolvency fell 13.1%; the main contributor to the fall was Townsville.
South Australia
Greater Adelaide
In the September quarter 2016 compared to the June quarter 2016:
- the number of debtors fell 4.6%; the main contributor to the fall was Playford
- the number of debtors who entered a business related personal insolvency rose 7.5%; the main contributor to the increase was Gawler – Two Wells.
Rest of SA
In the September quarter 2016 compared to the June quarter 2016:
- the number of debtors increased 4.5%; the main contributor to the increase was Barossa
- the number of debtors who entered a business related personal insolvency rose 10.0%; the main contributors to the increase were Barossa and Murray and Mallee.
Northern Territory
- The number of debtors increased 25.6% in Greater Darwin in the September quarter 2016 compared to the June quarter 2016; the main contributor to the increase was Darwin City
- There were 33 debtors in rest of NT in the September quarter 2016, a rise from 16 in the June quarter 2016
- There were 12 debtors who entered a business related personal insolvency in Northern Territory, an increase from six in the June quarter 2016.
Western Australia
Greater Perth
In the September quarter 2016 compared to the June quarter 2016:
- the number of debtors rose 0.7%; the main contributor to the increase was Wanneroo
- the number of debtors who entered a business related personal insolvency fell 9.7%; the main contributor to the fall was Stirling.
Rest of WA
In the September quarter 2016 compared to the June quarter 2016:
- the number of debtors increased 21.7%; the main contributor to the increase was Mid West
- the number of debtors who entered a business related personal insolvency increased 30.0%; the main contributor to the increase was Mid West.
Tasmania
In the September quarter 2016 compared to the June quarter 2016:
- the number of debtors in Greater Hobart was stable
- the number of debtors rose 8.5% in rest of Tas; the main contributor to the increase was Devonport
- the number of debtors who entered a business related personal insolvency in Tasmania increased 11.5%.
