Snapshot of debt agreements as at 30 June 2019

Part IX debt agreements – proposal status

The Official Receiver accepted 12,992 debt agreement proposals in 2018–19. On 30 June 2019, creditors had accepted 11,497 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

2014–15

2015–16

2016–17

2017–18

2018–19

Number of proposals given to the Official Receiver

12,515

14,317

16,627

17,440

13,579

Number rejected by the Official Receiver

256

431

554

504

565

Number accepted by the Official Receiver for creditor vote

12,259

13,886

16,073

16,900

12,992

Number cancelled by the Official Receiver

274

330

415

530

448

Number rejected by creditors or no vote received

2,526

2,853

3,509

1,663

1,047

Number of new agreements made (accepted by creditors)

9,459

10,703

12,149

14,707

11,497

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 52,894 debt agreements not yet completed on 30 June 2019. In 2018–19, 10,650 debt agreements were completed or terminated:

  • 7,883 debt agreements completed
  • 1,040 terminated by creditors
  • 1,727 terminated by six month arrears default.

State or territory

Number of agreements not yet completed at 1 July 2018

Number of new agreements made in 2018–19

Number of agreements completed in 2018–19

Number of agreements terminated by creditors in 2018–19

Number of agreements terminated by 6 month arrears default in 2018–19

Number of agreements not yet completed at 30 June 2019

ACT

853

151

144

15

22

823

NSW

15,909

3,539

2,498

318

557

16,075

NT

616

144

69

17

30

644

QLD

15,341

3,452

2,297

305

514

15,676

SA

2,593

575

400

58

68

2,642

TAS

1,250

256

239

19

39

1,209

VIC

9,720

2,064

1,579

179

295

9,729

WA

5,716

1,368

657

129

202

6,096

Total

51,998

11,549

7,883

1,040

1,727

52,894

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.