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Bankruptcy Statistics FY2013 (provisional)

Wednesday, August 14, 2013 - Posted by Philip Harvey

The July 2012 to June 2013 provisional bankruptcy statistics have been released by the Australian Financial Security Authority, and are detailed below. Bankruptcies were down 5%, debt agreements rose over 7%. Interestingly, there is a marked difference in the percentage increases / decreases between the jurisdictions.

Also made available below is the census data of population by state & territory from the 2011 census (ABS) extrapolated to Dec 2012 using growth rates obtained from census data.

Population Data

State / Territory Population ('000's)  % of Population
New South Wales  7 348.9   32%
Victoria  5 679.6   25%
Queensland  4 610.9   20%
South Australia  1 662.2   7%
Western Australia  2 472.7   11%
Tasmania  512.4  2%
Northern Territory  236.9  1%
Australian Capital Territory  379.6  2%
Australia
22 906.4   
 
In SA there was an increase of 34.4% in debt part IX agreements. In the NT, this was 84% (yet not as statistically valid given the lower population & number of bankruptcies)

In NSW there was a 10.8% drop in bankruptcies, yet a 4.7% increase in debt agreements.

In QLD, part IX debt agreements rose by 8.89%, and per head of population, QLD has the highest rate of debt agreements.

 Bankruptcies (Parts IV and XI)

State/territory 2012–2013 201112 % Change
NSW 6,799 7,627 -10.86%
ACT 206 172 19.77%
Vic 4,180 4,249 -1.62%
Qld 6,052 6,251 -3.18%
SA 1,493 1,523 -1.97%
NT 102 80 27.50%
WA 1,469 1,567 -6.25%
Tas 575 694 -17.15%
Total 20,876 22,163 -5.81%

Debt Agreements (Part IX)

State/territory 2012–2013 201112 % Change
NSW 3,235 3,089 4.73%
ACT 173 146 18.49%
Vic 1,846 1,755 5.19%
Qld 2,706 2,485 8.89%
SA 484 360 34.44%
NT 102 56 82.14%
WA 772 773 -0.13%
Tas 334 291 14.78%
Total 9,652 8,955 7.78%

Personal Insolvency Agreements (Part X)

State/territory 2012–2013 201112 % Change
NSW 88 118 -25.42%
ACT 1 6 -83.33%
Vic 79 98 -19.39%
Qld 54 80 -32.50%
SA 17 16 6.25%
NT 3 2 50.00%
WA 47 63 -25.40%
Tas 5 5 0.00%
Total 294 388 -24.23%

Total personal Insolvency

State/territory 2012–2013 201112 % Change
NSW 10,122 10,834 -6.57%
ACT 380 324 17.28%
Vic 6,105 6,102 0.05%
Qld 8,812 8,816 -0.05%
SA 1,994 1,899 5.00%
NT 207 138 50.00%
WA 2,288 2,403 -4.79%
Tas 914 990 -7.68%
Total 30,822 31,506 -2.17%

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