• Contact
  • Feedback
Banking Day
  • 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

Regional WA the insolvency hotspot

31 October 2016 4:51PM
The number of people entering personal insolvency arrangements in regional Western Australia rose 22 per cent in the September quarter, compared with the June quarter. The increase from 173 to 213 during the quarter was the second-fastest rate of growth in insolvency in the country.The fastest growth was in Darwin, although the number of people involved was small. Insolvencies in the Northern Territory capital were up 25.6 per cent to 54.According to the Australian Financial Security Authority, 7590 Australians entered personal insolvency during the September quarter.The number of people entering bankruptcy, a debt agreement or a personal insolvency agreement fell in Sydney and the rest of New South Wales, Melbourne, Brisbane and the rest of Queensland, and Adelaide.In addition to regional WA and Darwin, insolvencies rose 6.7 per cent in the Australian Capital Territory, 0.5 per cent in regional Victoria, 4.5 per cent in regional South Australia, 0.7 per cent in Perth and 8.5 per cent in Tasmania.

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

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