Snapshot of debt agreements as at 30 June 2021

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Annual administration statistics for the status of Part IX debt agreements as at 30 June 2021.

Part IX debt agreements – proposal status

The Official Receiver accepted 4,488 debt agreement proposals in 2020–21. On 30 June 2021, creditors had accepted 3,485 of the debt agreement proposals lodged during the year.

We report figures based on the date of lodgement of debt agreement proposals. These tables may not reconcile with figures provided in other tables or other publications.

Financial year

2016–17

2017–18

2018–19

2019–20

2020–21

Number of proposals given to the Official Receiver

16,627

17,440

13,579 9,461

4,488

Number rejected by the Official Receiver

554

504

565 539

337

Number accepted by the Official Receiver for creditor vote

16,073

16,900

12,992 8,908

4,143

Number cancelled by the Official Receiver

415

530

448 288

133

Number rejected by creditors or no vote received

3,509

1,663

1,047 1,304

525

Number of new agreements made (accepted by creditors)

12,149

14,707

11,497 7,316

3,485

Note: Due to system changes, state data is not available. Due to changes in processing timings, systems changes and delays in status updates, these tables may not reconcile fully. We released the debt agreements online service in January 2018.

Part IX debt agreements – status of debt agreements

There were 39,418 debt agreements not yet completed on 30 June 2021. In 2020–21, 11,757 debt agreements were completed or terminated:

  • 10,113 debt agreements completed
  • 341 terminated by creditors
  • 1,303 terminated by six month arrears default

State or territory

Number of agreements not yet completed at 1 July 2020 Number of new agreements made in 2020–21 Number of agreements completed in 2020–21 Number of agreements terminated by creditors in 2020–21 Number of agreements terminated by 6 month arrears default in 2020–21 Number of agreements not yet completed at 30 June 2021

ACT

706 56 178 3 16 565

NSW

14,297 1,164 3,021 131 407

11,902

NT

602 59 135 4 19 503

QLD

14,019 1,034 2,940 95 378 11,640

SA

2,369 189 498 9 70 1,981

TAS

1,042 103 235 2 26 882

VIC

8,757 703 2,067 66 234 7,093

WA

5,652 423 1,039 31 153 4,852

Total

47,444

3,731

10,113

341

1,303

39,418

Note: Due to changes in processing timings, systems changes and delays in status updates, these tables may not reconcile fully. We released the debt agreements online service in January 2018.