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Quarterly Bankruptcy statistics



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3 3

MINISTER FOR JUSTICE

l l , SENATOR MICHAEL TATE

1 9 October 1 9 9 2

QUARTERLY BANKRUPTCY STATISTICS

The Minister for J u s tic e , Senator Michael Tate, today released provisional bankruptcy s t a t i s t i c s for the July to September 1 9 9 2 quarter.

There has been a reduction in the rate of change in the number of bankruptcies, as compared with the same quarter in the previous year, for only the second tim e since September 1 989.

The quarterly s t a t i s t i c s (Attachment A) show an overall decrease of 22.05% in adm inistrations under the Bankruptcy Act (comprising Bankruptcies, Deeds of Arrangement and Assignm ent and Compositions) for the September 1992 quarter as compared with the same quarter in 1992.

The rate of change in bankruptcies from quarter to quarter has continued the negative trend seen since December 1991. (Attachment B)

Released by Adrian Wild: 06/2777260

For further information contact Greg Gilbert (ITSA): 06/2506995

COMMONWEALTH

p a r l ia m e n t a r y LIBRARY MICAH

ATTACHMENT A

* ' W

ADMINISTRATIONS UNDER THE BANKRUPTCY ACT STATISTICS -('PROVISIONAL*')

niLY-SF.PTEMBER 1992

BANKRUPTCIES ARRANGEMENTS TOTAL

(Parts IV and XI) ASSIGNMENTS &

COMPOSITIONS (PART X)

1992 1991 % change 1992 1991 % change 1992 1991 %change

NSW 1068 (1203) -11.2% 21 (29) 1089 (1232) -11.6%

ACT 91 002) -10.8% 0 (15) 91 (117) -22.2%

VIC 946 (1146) -17.5% 59 (128) 1005 (1274) -21.1%

QLD 570 (800) -28.8% 9 (10) 579 (810) -28.5%

SA 457 (546) -16.3% 16 (25) 473 (571) -17.2%

NT 21 (34) -38.2% 0 (1) 21 (35) -40.0%

WA 468 (742) -36.9% 42 (57) 510 (799) -36.2%

TAS 149 (191) -22.0% 3 (0) 152 (191) -20.4%

TOTAL 3770 (4764) -20.9% 150 (265) -43.4% 3920 (5029) -22.05%

Note 1: The figures in brackets are for the corresponding quarter in 1991.

Note 2: All the above figures refer to personal bankruptcies only (and not corporate insolvency)

* Verified annual figures are published in the ANNUAL REPORT ON THE OPERATION OF THE BANKRUPTCY ACT 1966 for each financial year.

ΓATfl· ACftMENT B

RATE OF CHANGE IN BANKRUPTCIES FROM QUARTER TO QUARTER

QUARTER

June 1990

Sept 1990

Dec 1990

Mar 1991

June 1991

Sept 1991

Dec 1991

Mar 1992

June 1992

Sept 1992

NUMBER

2605

2767

2924

3270

4020

4764

4137

4016

3886

3770

% CHANGE

) +6.22%

) +5.67%

) +11.83%

) +22.93%

) +18.51%

) -13.16%

) -2.92%

) -3.24%

) -2.99%