Monies administered by trustees

Annual administration statistics for monies administered by trustees under Parts IV and XI, Part IX and Part X of the Bankruptcy Act.

Monies administered under Parts IV and XI of the Bankruptcy Act

Official Trustee

The Official Trustee administered more than $51 million in receipts in 2017–18. Asset sales accounted for 63% of these receipts.

The Official Trustee administered nearly $62 million in payments in 2017–18. Dividends and secured creditor payments accounted for 42% of these payments.

State or territory

Total receipts: 2016–17

Total receipts: 2017–18

Total payments: 2016–17

Total payments: 2017–18

NSW

$21,389,959

$20,213,119

$22,969,958

$23,044,931

ACT

$420,618

$334,211

$191,036

$626,150

Vic

$12,145,441

$8,839,649

$9,660,409

$11,373,028

Qld

$16,967,762

$11,362,570

$14,184,889

$14,330,124

SA

$1,648,813

$2,651,911

$1,341,761

$3,929,125

NT

$269,313

$864,252

$304,154

$787,046

WA

$5,336,385

$5,665,685

$4,194,641

$6,961,423

Tas

$1,158,466

$1,138,379

$1,012,925

$757,927

Total

$59,336,757

$51,069,778

$53,859,772

$61,809,753

 

Registered trustees

Registered trustees administered nearly $309 million in receipts in 2017–18. Asset sales accounted for 57% of these receipts.

Registered trustees administered more than $305 million in payments in 2017–18. Payments to secured creditors accounted for 28% of these payments, and trustee fee payments accounted for another 27%.

State or territory

Total receipts: 2016–17

Total receipts: 2017–18

Total payments: 2016–17

Total payments: 2017–18

NSW

$128,084,131

$116,136,560

$125,903,275

$118,251,612

ACT

$3,043,482

$3,445,463

$3,209,007

$3,644,833

Vic

$82,687,332

$89,665,093

$82,681,208

$85,166,256

Qld

$72,443,603

$51,078,987

$72,130,734

$51,455,988

SA

$9,325,466

$10,700,529

$9,350,819

$8,544,673

NT

$1,899,336

$2,249,690

$2,304,107

$2,415,826

WA

$30,474,392

$32,471,406

$30,735,215

$32,432,820

Tas

$4,327,066

$3,186,423

$4,865,542

$3,425,362

Total

$332,284,807

$308,934,151

$331,179,908

$305,337,370

 

Monies administered under Part IX of the Bankruptcy Act

In 2017–18, practitioners administered more than $286 million in receipts and nearly $283 million in payments. Dividends accounted for 69% of these payments.

State or territory

Total receipts: 2016–17

Total receipts: 2017–18

Total payments: 2016–17

Total payments: 2017–18

NSW

$88,010,606

$89,153,857

$87,018,402

$88,729,213

ACT

$4,745,066

$4,980,204

$4,611,526

$4,934,266

Vic

$53,149,358

$57,476,295

$52,651,319

$56,832,712

Qld

$72,393,734

$80,584,020

$70,825,006

$79,691,862

SA

$11,428,470

$13,061,429

$11,279,160

$12,812,999

NT

$2,820,898

$3,508,381

$2,735,694

$3,414,306

WA

$24,422,011

$30,465,006

$23,903,875

$29,516,840

Tas

$6,497,676

$6,869,156

$6,504,008

$6,816,250

Total

$263,467,819

$286,098,349

$259,528,989

$282,748,447

 

Monies administered under Part X of the Bankruptcy Act

Official Trustee

In 2017–18, the Official Trustee administered $16,599 in payments and no receipts. The Official Trustee only administers personal insolvency agreements when a registered trustee resigns, is deregistered or dies. The Official Trustee reconstructs the accounts and reviews all material in the previous trustee’s file. As a result, there can be a delay while the Official Trustee reconciles payments made prior to the Official Trustee’s appointment.

State or territory

Total receipts: 2016–17

Total receipts: 2017–18

Total payments: 2016–17

Total payments: 2017–18

NSW

$650

$0

$129,070

$16,599

ACT

$0

$0

$0

$0

Vic

$3,220

$0

$13,877

$0

Qld

$0

$0

$0

$0

SA

$0

$0

$0

$0

NT

$0

$0

$0

$0

WA

$150,000

$0

$150,000

$0

Tas

$0

$0

$0

$0

Total

$153,870

$0

$292,947

$16,599

Registered trustees

Registered trustees administered over $17 million in receipts in 2017–18. Income contributions accounted for 35% of these receipts.

Registered trustees administered nearly $18 million in payments in 2017–18. Dividends accounted for 44% of these payments, and trustee fee payments accounted for another 32%.

State or territory

Total receipts: 2016–17

Total receipts: 2017–18

Total payments: 2016–17

Total payments: 2017–18

NSW

$4,948,707

$4,037,865

$5,524,253

$3,774,084

ACT

$1,091,645

$247,237

$800,574

$506,594

Vic

$5,142,207

$3,521,590

$4,876,427

$3,968,213

Qld

$5,894,249

$4,430,421

$6,474,702

$4,504,121

SA

$1,464,940

$1,216,549

$1,219,915

$1,086,816

NT

$132,045

$737,978

$121,414

$705,680

WA

$3,890,640

$2,470,890

$4,097,635

$2,865,011

Tas

$1,314,193

$453,057

$1,026,473

$492,749

Total

$23,878,625

$17,115,587

$24,141,392

$17,903,269