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Insolvency Statistics

The government regulators of corporate and personal insolvency, the Australian Securities and Investments Commission and the Australian Financial Security Authority, have recently released their quarterly insolvency statistics for the June 2014 quarter.

These statistics show an overall decline in corporate and personal insolvency matters in the 12 months ended June 2014. In the year ended 30 June 2014, corporate insolvencies nationally declined by 18%. Bankruptcies fell by more than 25% to reach the lowest level since June 1995.

We feel that the prolonged period of low interest rates has contributed to the decline in insolvency matters. With interest rates projected to remain at historically low rates for some time, these trends are likely to continue.