Northern Territory

Quarterly regional personal insolvency statistics and analysis for the Northern Territory (NT) in the June quarter 2017.

Reports

Key personal insolvency indicators, NT, June quarter 2017

 

Greater Darwin

Rest of NT

NT1

Total new debtors

52

30

82

Quarterly % change in new debtors

-8.8%

66.7%

9.3%

New debtors per 100,000 population aged 18+2

57.6

48.7

53.4

% debtors with a business related personal insolvency

17.3%

16.7%

17.1%

1 GCCSA totals may not sum to the state total as the state total is inclusive of records not further classified under the ASGS.
2 Australian Bureau of Statistics 2011 Census, table generated 3 March 2014 using usual address and internal migration, data cube: TableBuilder. <http://www.abs.gov.au/websitedbs/censushome.nsf/home/tablebuilder?opendocument&navpos=240>
Note: ABS randomly adjust cells in ABS 2011 Census data to avoid the release of confidential data. Estimated resident population figures used in this calculation are not updated by AFSA between censuses.

Greater Darwin

Personal insolvency activity

There were 52 debtors who entered a new personal insolvency in Greater Darwin in the June quarter 2017. This number fell by five or 8.8% from the March quarter 2017. Greater Darwin accounted for 63.4% of all new debtors in Northern Territory in the June quarter 2017.

Highest numbers of new debtors by region, Greater Darwin, June quarter 2017

Region

New debtors

Debtors per 100,000 persons aged 18 years and older

Palmerston

19

99.9

Darwin Suburbs

16

41.4

Darwin City

9

47.9

There were 57.6 new insolvent debtors per 100,000 people aged 18 years and older in Greater Darwin in the June quarter 2017. This is higher than the Northern Territory average of 53.4. For the third consecutive quarter, the highest regional rate in Greater Darwin was in Palmerston (99.9).

Business related personal insolvencies in Greater Darwin

Nine debtors entered a new business-related personal insolvency in Greater Darwin in the June quarter 2017. This is a fall of one debtor or 10.0% from the previous quarter. The largest numbers of debtors entering a business-related personal insolvency in Greater Darwin in the June quarter 2017 were in:

  • Darwin Suburbs (4 debtors)
  • Litchfield (3 debtors).

Rest of Northern Territory

Personal insolvency activity

There were 30 debtors who entered a new personal insolvency in rest of Northern Territory in the June quarter 2017. This number rose by 12 or 66.7% from the March quarter 2017. Rest of Northern Territory accounted for 36.6% of all new debtors in Northern Territory in the June quarter 2017.

Highest numbers of new debtors by region, rest of Northern Territory, June quarter 2017

Region

New debtors

Debtors per 100,000 persons aged 18 years and older

Alice Springs

14

53.4

Katherine

11

92.1

There were 48.7 new insolvent debtors per 100,000 people aged 18 years and older in rest of Northern Territory. This is lower than the Northern Territory average of 53.4. For the third consecutive quarter, Katherine recorded the highest regional rate (92.1) in rest of Northern Territory.

Business related personal insolvencies in rest of Northern Territory

Five debtors entered a new business-related personal insolvency in rest of Northern Territory in the June quarter 2017. This is a rise of two debtors or 66.7% from the previous quarter. The largest number of debtors entering a new business-related personal insolvency in rest of Northern Territory in the June quarter 2017 was in Alice Springs (three debtors).