Life cycle of debt agreements

National debt agreement proposals as at 30 June 2019

In 2018–19, there were 13,579 debt agreement proposals received. Of these proposals, 92% reached the voting deadline.

Part IX debt agreements – proposal status as at 30 June 2019

These tables give a progressive summary of the outcome of each debt agreement proposal over the course of its life cycle as at 30 June 2019. We report these figures based on the date of lodgement of debt agreement proposals. These tables may not reconcile with figures provided in other tables.

Debt agreement activity

2014–15

2015–16

2016–17

2017–18

2018–19

Debt agreement proposals received

12,513

14,317

16,626

17,440

13,579

Proposals rejected by Official Receiver

256

430

554

504

565

Proposals accepted by Official Receiver for creditor vote

12,257

13,886

16,071

16,900

12,992

Proposals cancelled by Official Receiver during voting period

304

363

443

530

448

Proposals reaching voting deadline

11,953

13,523

15,628

16,370

12,544

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.

Outcome of proposals that reached voting deadline as at 30 June 2019

As at 30 June 2019, creditors accepted 11,497 debt agreement proposals in 2018–19 that reached the voting deadline.

This table shows a progressive summary of the outcome of debt agreement proposals that reached the voting deadline as at 30 June 2019. We report these figures based on the date of lodgement of debt agreement proposals. These tables may not reconcile with figures provided in other tables.

Debt agreement activity

2014–15

2015–16

2016–17

2017–18

2018–19

Reached voting deadline

11,953

13,523

15,628

16,370

12,544

Rejected by creditors or no vote received

1,045

1,375

1,818

1,663

1,047*

Accepted by creditors (new debt agreements)

10,908

12,148

13,810

14,707

11,497

* The voting period for creditors to vote on whether to accept a debt agreement proposal is generally five weeks. If we do not know the vote result on 30 June 2019, we report the outcome as ‘rejected by creditors or no vote received’. 

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.

Outcome of new debt agreements as at 30 June 2019

On 30 June 2019, 26% of debt agreements lodged in 2014–15 were still active. As debt agreements run their course, this proportion becomes progressively lower for past years.

This table shows a progressive summary of the outcome of new debt agreements as at 30 June 2019. We report these figures based on the date of lodgement of debt agreement proposals. These tables may not reconcile with figures provided in other tables.

Debt agreement activity

2014–15

2015–16

2016–17

2017–18

2018–19

Terminated by creditors/court

871

922

746

559

166

Terminated by six-month arrears default

1,432

1,479

1,158

1,011

375

Agreements completed

5,735

2,383

1,114

463

107

Agreements not yet completed

2,870

7,364

10,792

12,674

10,849

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.