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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.