Snapshot of debt agreements as at 30 June 2018

Part IX debt agreements – proposal status

The Official Receiver accepted 16,900 debt agreement proposals in 2017–18. On 30 June 2018, creditors had accepted 14,707 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 2013-14 2014-15 2015-16 2016-17 2017-18
Number of proposals given to the Official Receiver 12,506 12,515 14,317 16,627 17,440
Number rejected by the Official Receiver 241 256 431 554 504
Number accepted by the Official Receiver for creditor vote 12,265 12,259 13,886 16,073 16,900
Number cancelled by the Official Receiver 267 274 330 415 530
Number rejected by creditors or no vote received 2,294 2,526 2,853 3,509 1,663
Number of new agreements made (accepted by creditors) 9,704 9,459 10,703 12,149 14,707

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 52,044 debt agreements not yet completed on 30 June 2018. In 2017–18, 9,567 debt agreements were completed or terminated:

•    7,441 debt agreements completed
•    786 terminated by creditors
•    1,340 terminated by six month arrears default.

State or territory Number of agreements not yet completed at 1 July 2017 Number of new agreements made in 2017–18 Number of agreements completed in 2017–18 Number of agreements terminated by creditors in 2017–18 Number of agreements terminated by 6 month arrears default in 2017–18 Number of agreements not yet completed at 30 June 2018
ACT 772 224 114 11 15 856
NSW 14,567 4,501 2,452 275 414 15,929
NT 529 192 79 8 18 616
Qld 13,890 4,225 2,149 241 383 15,345
SA 2,260 769 339 45 49 2,596
Tas 1,206 335 245 21 23 1,252
Vic 8,920 2,644 1,458 109 269 9,728
WA 4,627 1,945 605 76 169 5,722
Total 46,771 14,835 7,441 786 1,340 52,044

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.