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Part IX debt agreements – proposal status
The Official Receiver received 5,276 debt agreement proposals in 2022–23. On 30 June 2023, creditors had accepted 4,117 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 | 2018–19 | 2019–20 | 2020–21 | 2021–22 | 2022–23 |
|---|---|---|---|---|---|
|
Number of proposals given to the Official Receiver |
13,579 |
9,461 |
4,488 |
4,250 |
5,276 |
|
Number rejected by the Official Receiver |
565 |
539 |
337 |
288 |
470 |
|
Number accepted by the Official Receiver for creditor vote |
12,992 |
8,908 |
4,143 |
3,960 |
4,800 |
|
Number cancelled by the Official Receiver |
448 |
288 |
133 |
113 |
115 |
|
Number rejected by creditors or no vote received |
1,047 |
1,304 |
525 |
454 |
568 |
|
Number of new agreements made (accepted by creditors) |
11,497 |
7,316 |
3,485 |
3,393 |
4,117 |
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 20,305 debt agreements not yet completed on 30 June 2023. In 2022–23, 14,321 debt agreements were completed or terminated:
- 12,729 debt agreements completed
- 203 terminated by creditors
- 1,389 terminated by six month arrears default.
| State or territory | Number of agreements not yet completed at 1 July 2022 |
Number of new agreements made in 2022–23 |
Number of agreements completed in 2022–23 |
Number of agreements terminated by creditors in 2022–23 | Number of agreements terminated by 6 month arrears default in 2022–23 |
Number of agreements not yet completed at 30 June 2023 |
|---|---|---|---|---|---|---|
|
NSW |
9,442 | 1,186 | 3,874 | 67 | 498 | 6,189 |
|
ACT |
415 | 48 | 176 | 2 | 19 |
266 |
|
Vic |
5,434 | 733 | 2,305 | 39 | 223 | 3,600 |
|
Qld |
9,041 | 1,222 | 3,765 | 36 | 407 | 6,055 |
|
SA |
1,552 | 203 | 598 | 13 | 60 | 1,084 |
|
NT |
407 | 62 | 165 | 2 | 25 | 277 |
|
WA |
3,697 | 362 | 1,604 | 34 | 118 | 2,304 |
|
Tas |
695 | 126 | 242 | 10 | 39 | 530 |
|
Total |
30,683 |
3,942 |
12,729 |
203 |
1,389 |
20,305 |
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.