New personal insolvencies across Australia remained stable, recording only a slight drop in the March quarter 2025 compared to the March quarter 2024, according to new statistics released today by the Australian Financial Security Authority (AFSA).
There were 2,977 new personal insolvencies in the 3-month period to March 2025, down from 2,981 in March 2024, which is 0.1% lower than in the same period last year.
National data shows personal insolvencies dropped in Queensland, Western Australia, South Australia, the Northern Territory and the Australian Capital Territory compared to the March quarter 2024. Volumes increased in New South Wales, Victoria and Tasmania.
Of the March quarter 2025 personal insolvencies, over a quarter (28.5%) were business-related.
AFSA Chief Executive, Tim Beresford said: “While there are changing economic and geopolitical conditions, Australia’s economy retains its core, resilient fundamentals which are reflected in the stability of the year-on-year personal insolvency numbers.”
“Changing local and global economic conditions may lead to certain industries and individuals being more financially vulnerable. AFSA remains committed to providing support and resources to help Australians navigate financial difficulties – the AFSA website is a good place to start.”
Financial counsellors and registered insolvency professionals can help to review individual situations and help plan an appropriate response.
Free confidential assistance is available through the National Debt Helpline or via phone at 1800 007 007.
- For help with budgeting, Money Smart has easy-to-use tools available at moneysmart.gov.au
- More information about these statistics is available at Quarterly personal insolvency statistics.
Summary of national figures:
March quarter 2025:
- 1,696 were bankruptcies
- 1,239 were debt agreements
- 38 were personal insolvency agreements
- 4 were insolvent deceased estates
Of the 2,977 insolvencies in March 2025, 847 personal insolvencies were business-related, up from 758 in the March quarter 2024.
