Snapshot of debt agreements as at 30 June 2022

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Annual administration statistics for the status of Part IX debt agreements as at 30 June 2022.

Part IX debt agreements – proposal status

The Official Receiver accepted 4,250 debt agreement proposals in 2021–22. On 30 June 2022, creditors had accepted 3,393 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

2017–18

2018–19

2019–20

2020–21

2021–22

Number of proposals given to the Official Receiver

17,440

13,579

9,461

4,488

4,250

Number rejected by the Official Receiver

504

565

539

337

288

Number accepted by the Official Receiver for creditor vote

16,900

12,992

8,908

4,143

3,960

Number cancelled by the Official Receiver

530

448

288

133

113

Number rejected by creditors or no vote received

1,663

1,047

1,304

525

454

Number of new agreements made (accepted by creditors)

14,707

11,497

7,316

3,485

3,393

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 30,738 debt agreements not yet completed on 30 June 2022. In 2021–22, 11,971 debt agreements were completed or terminated:

  • 10,240 debt agreements completed
  • 307 terminated by creditors
  • 1,424 terminated by six month arrears default.

State or territory

Number of agreements not yet completed at 1 July 2021 Number of new agreements made in 2021–22 Number of agreements completed in 2021–22 Number of agreements terminated by creditors in 2021–22 Number of agreements terminated by 6 month arrears default in 2021–22 Number of agreements not yet completed at 30 June 2022

ACT

565 39 164 4 20 415

NSW

11,898 1,058 2,940 87 457

9,451

NT

502 46 117 4 19 407

Qld

11,628 1,083 3,069 102 418 9,607

SA

1,980 209 533 15 80 1,554

Tas

882 105 245 8 35 699

Vic

7,089 537 1,869 53 252 5,442

WA

4,848 337 1,303 34 143 3,703

Total

39,392

3,414

10,240

307

1,424

30,738

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.