Insolvency numbers spike in ACT and NT
The Australian Financial Security Authority released figures last month showing that personal insolvency activity fell 10.1 per cent in the June quarter, compared with the previous quarter. It's latest release provides a regional breakdown of the numbers and shows that the country's two biggest states, New South Wales and Victoria, performed well, while the worst outcomes were recorded in the Australian Capital Territory and the Northern Territory.In Sydney the number of debtors entering personal insolvency fell 13.6 per cent in the June quarter, compared with the March quarter. In the rest of New South Wales the number fell 5.3 per cent.In Melbourne the number of debtors entering personal insolvency fell 12.4 per cent in the June quarter. In the rest of Victoria the number was down 15.6 per cent.In Brisbane the number of debtors entering a personal insolvency fell 9.4 per cent in the June quarter and in the rest of Queensland the number was down 9.1 per cent.In Western Australia personal insolvency numbers were down 16.5 per cent in Perth but rose 6.8 per cent in the rest of the state.The pattern was similar in South Australia, where the personal insolvencies fell 16.9 per cent for Adelaide but rose 1.7 per cent for the rest of the state.However, in Tasmania personal insolvency numbers were up 3.8 per cent in Hobart but fell 12.4 per cent in the rest of the state.In the Australian Capital Territory the number of debtors entering a personal insolvency increased 28.6 per cent.In the Northern Territory the number of personal insolvencies rose 23.8 per cent in Darwin and 53.3 per cent in the rest of the territory.