Monies administered by trustees

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Annual administration statistics for monies administered by trustees under Parts IV and XI, Part IX and Part X of the Bankruptcy Act.

Monies administered under Parts IV and XI of the Bankruptcy Act

Official Trustee

The Official Trustee administered more than $51 million in receipts in 2020–21. Asset sales accounted for 66% of these receipts. 

The Official Trustee administered more than $51 million in payments in 2020–21. Dividends and secured creditor payments accounted for 42% of these payments.

State or territory

Total receipts: 2019–20

Total receipts: 2020–21

Total payments: 2019–20

Total payments: 2020–21

NSW

$17,153,967 $17,043,898 $20,121,385 $16,236,658

ACT

$586,423 $502,701 $827,136 $541,795

Vic

$13,243,388 $6,237,812 $13,976,263 $7,155,896

Qld

$15,800,216 $14,151,772 $15,125,764 $15,067,842

SA

$4,239,006 $4,529,645 $4,494,037 $4,071,495

NT

$826,556 $872,554 $1,619,611 $951,026

WA

$4,971,963 $6,171,294 $5,206,765 $5,929,138

Tas

$1,331,412 $1,593,371 $1,136,505 $1,427,204

Total

$58,152,932

$51,103,046

$62,507,465

$51,381,054

Registered trustees

Registered trustees administered nearly $275 million in receipts in 2020–21. Asset sales accounted for 55% of these receipts. 

Registered trustees administered more than $272 million in payments in 2020–21. Secured creditor payments accounted for 26% of these payments, and trustee fees accounted for another 25%.

State or territory

Total receipts: 2019–20

Total receipts: 2020–21

Total payments: 2019–20

Total payments: 2020–21

NSW

$100,588,121 $114,678,801 $103,263,454 $111,262,527

ACT

$4,309,109 $6,615,192 $4,593,762 $6,616,438

Vic

$75,632,771 $47,899,183 $71,770,684 $52,265,448

Qld

$55,764,609 $52,856,956 $55,516,438 $54,426,303

SA

$11,992,433 $13,691,804 $12,796,721 $11,767,320

NT

$2,291,459 $833,779 $1,335,203 $1,042,544

WA

$27,649,249 $27,878,377 $27,682,208 $25,168,291

Tas

$7,586,309 $10,469,333 $7,975,725 $10,082,996

Total

$285,814,061

$274,923,424

$284,934,196

$272,631,866

Monies administered under Part IX of the Bankruptcy Act

In 2020–21, practitioners administered more than $292 million in receipts and more than $298 million in payments. Dividends accounted for 70% of these payments.

State or territory

Total receipts: 2019–20

Total receipts: 2020–21

Total payments: 2019–20

Total payments: 2020–21

NSW

$93,316,929 $85,382,611 $93,399,054 $87,406,694

ACT

$5,263,704 $4,732,435 $5,219,740 $4,892,096

Vic

$59,431,746 $54,703,184 $59,523,356 $55,847,317

Qld

$91,157,652 $84,906,024 $90,951,920 $86,602,475

SA

$15,017,806 $14,366,125 $14,977,915 $14,608,998

NT

$4,289,835 $3,984,129 $4,251,009 $4,084,092

WA

$39,283,292 $38,050,492 $39,173,391 $38,580,133

Tas

$6,916,026 $6,282,152 $6,888,993 $6,386,563

Total

$314,676,990

$292,407,151

$314,385,379

$298,408,369

Monies administered under Part X of the Bankruptcy Act

Official Trustee

In 2020–21, the Official Trustee administered no payments and no receipts. The Official Trustee only administers personal insolvency agreements when a registered trustee resigns, is deregistered or dies. The Official Trustee reconstructs the accounts and reviews all material in the previous trustee’s file. As a result, there can be a delay while the Official Trustee reconciles payments made prior to the Official Trustee’s appointment.

Registered trustees

Registered trustees administered more than $16 million in receipts in 2020–21. Income contributions accounted for 7% of these receipts. 

Registered trustees administered more than $18 million in payments in 2020–21. Dividends accounted for 60% of these payments, and trustee fee payments accounted for another 25%. 

State or territory

Total receipts: 2019–20

Total receipts: 2020–21

Total payments: 2019–20

Total payments: 2020–21

NSW

$9,236,244 $3,988,416 $9,651,043 $4,752,704

ACT

$564,469 $618,800 $604,454 $258,956

Vic

$5,347,780 $2,036,417 $5,541,433 $2,554,226

Qld

$5,473,331 $4,432,072 $4,984,105 $5,473,803

SA

$2,113,418 $1,255,295 $2,092,818 $1,450,709

NT

$503,738 $107,180 $202,991 $157,815

WA

$3,297,914 $3,428,717 $3,089,239 $3,696,733

Tas

$250,703 $148,830 $271,393 $210,295

Total

$26,787,598

$16,015,728

$26,437,476

$18,555,240