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 |