Snapshot of debt agreements as at 30 June 2015

Annual administration statistics for the status of Part IX debt agreements as at 30 June 2015.

Part IX debt agreements – proposal status

The Official Receiver accepted 12,259 debt agreement proposals in 2014–15. On 30 June 2015, creditors had rejected 2,526 debt agreement proposals or the voting outcome was pending. On 30 June 2015, creditors had accepted 9,459 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.

State or territory Number of proposals given to the Official Receiver: 2014-15 Number rejected by the Official Receiver: 2014-15 Number accepted by the Official Receiver for creditor vote: 2014-15 Number cancelled by the Official Receiver: 2014-15 Number rejected by creditors or no vote received: 2014-15 Number of new agreements made (accepted by creditors): 2014-15
ACT 239 7 232 8 51 173
NSW 3,935 92 3,843 77 780 2,986
NT 135 1 134 2 22 110
Qld 3,628 68 3,560 80 766 2,714
SA 585 8 577 17 96 464
Tas 331 7 324 8 70 246
Vic 2,450 50 2,400 55 500 1,845
WA 1,212 23 1,189 27 241 921
Total 12,515 256 12,259 274 2,526 9,459

Part IX debt agreements – status of debt agreements

There were 39,325 debt agreements not yet completed on 30 June 2015. In 2014–15, 8,169 debt agreements were completed or terminated:

  • 6,447 debt agreements completed
  • 947 terminated by creditors
  • 775 terminated by six month arrears default.
State or territory Number of agreements not yet completed at 1 July Number of new agreements made Number of agreements completed Number of agreements terminated by creditors Number of agreements terminated by 6-month arrears default Number of agreements not yet completed at 30 June
ACT 587 205 87 23 12 670
NSW 12,311 3,433 2,144 295 239 13,066
NT 281 116 38 5 7 347
Qld 10,281 3,116 1,716 272 233 11,176
SA 1,629 532 254 47 25 1,835
Tas 1,171 282 194 34 18 1,207
Vic 7,376 2,157 1,473 188 172 7,700
WA 2,947 1,070 541 83 69 3,324
Total 36,583 10,911 6,447 947 775 39,325