Media release: Regional personal insolvency statistics – September quarter 2016

October, 2016
Regional personal insolvency and business related personal insolvency statistics for the September quarter 2016

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%.

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