• Contact
  • Feedback
Banking Day
ConfidentiallySpeaking.com.au Logo
High-impact negotiation masterclass | July 9 & 16, 2025 | 5:00pm - 8:30pm
This high-impact negotiation masterclass teaches practical strategies to help you succeed in challenging negotiations.
Register Now
  • News
  • Topics
    • All Topics
    • Briefs
    • Major Banks
    • Authorised deposit-taking institutions
    • Insurance, funds and super
    • Payments, mobile & wallets
    • Consumer lending
    • Mortgages
    • Business lending
    • Finance regulation
    • Debt capital markets
    • Ratings agencies
    • Equity capital markets
    • Professional services
    • Work & career
    • Foreign news
    • Other topics
  • Free Trial
  • Subscribe
  • Resources
    • Industry events
  • About us
    • About Banking Day
    • Advertise
    • Feedback
    • Contact Banking Day
  • Search
  • Login
  • My account
    • Account settings
    • User Admin
    • Logout

Login or request a free trial

Personal insolvencies rise for the first time in six years

14 July 2016 3:55PM
Personal insolvencies rose in Australia during the year to June - the first annual increase since the 2009/10 financial year.Figures released by the Australian Financial Security Authority show that total personal insolvency activity rose by 4.4 per cent in the 12 months to June.That activity includes bankruptcies, which rose 0.2 per cent, debt agreements (up 11.4 per cent) and personal insolvency agreements (up 18.2 per cent).The number of debt agreement, at 12,150, was the highest ever recorded. There were 17,202 bankruptcies and 175 personal insolvency agreements.Insolvency activity was up in each quarter of the year but increased most sharply in the June quarter, when it rose 13.7 per cent compared with the same period last year.AFSA said in a media release that Western Australia, Queensland and the Northern Territory were the main contributors to the increase. Insolvencies were up 19.5 per cent in WA, 9.3 per cent in Queensland and 15.3 per cent in NT.Insolvencies rose 1.8 per cent in Victoria.Insolvency numbers fell in New South Wales (down 0.7 per cent), Australian Capital Territory (down 4.9 per cent), South Australia (down 0.8 per cent) and Tasmania (down 4.9 per cent).

I'm a returning subscriber

*
Password reset *
Login

Request a free trial

  • Emailing you the news at 7am.
  • Covering core lending and funding issues, strategy, payments, regulation, risk management, IT, marketing and more.
  • Original news and summaries of major stories from other media – ditch your newspaper subscriptions.
  • Focused on banking and finance, saving you the time spent wading through newspapers and other services.
  • With reporting from former editors and senior writers from the AFR and The Australian.
  • Configured for your phone, laptop and PC.
Free trial Banking Day
Stay Ahead. Stay Informed.
Concise. Candid. Provocative.
Get the daily banking news that matters
Banking Day – Your trusted source for independent financial insights.
Subscribe Now

Consumer lending

  • Latitude, Harvey Norman liable for interest free GO card con

Copyright © WorkDay Media 2003-2025.

Banking Day is a WorkDay Media publication

WorkDay Media Unit Trust

  • Privacy policy
  • Terms of access and use