Risk Watch Essentials – January 2021.
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The tables below summarises the data essentials captured from our daily Risk Watch publication, which provides a synopsis of the insolvency market for January 2021.
No. of Registered Liquidators in Australia as at January 2021
| Registered Liquidators | Australia | NSW | VIC | QLD | WA | ACT | SA | NT | TAS |
| TOTAL | 644 | 246 (38%) | 160 (25%) | 108 (16%) | 64 (10%) | 10 (2%) | 46 (7%) | 2 (<1%) | 8 (1%) |
Winding Up applications filed with the Court in January 2021
| Winding Up applications | Australia | NSW | VIC | QLD | WA | ACT | SA | NT | TAS |
| TOTAL | 31 | 7 (23%) | 11 (35%) | 5 (16%) | 1 (3%) | 0 (0%) | 7 (23%) | 0 (0%) | 0 (0%) |
Analysis:
A total of 31 Winding Up applications were filed throughout Australia in January 2021, the majority of which were in Victoria (11 or 35%), New South Wales and South Australia each had (7 or 23%). There were no winding up applications filed in the Australian Capital Territory, Northern Territory or Tasmania during January 2021.
Formal Appointments in January 2021
| Formal Appointments | Australia | NSW | VIC | QLD | WA | ACT | SA | NT | TAS |
| TOTAL | 311 | 156 (50%) | 66 (21%) | 47 (15%) | 13 (4%) | 8 (3%) | 16 (5%) | 1 (0%) | 4 (1%) |
| Creditors’/Members’ Voluntary Liquidation | 275 | 138 (50%) | 58 (21%) | 42 (15%) | 12 (4%) | 8 (3%) | 12 (4%) | 1 (0%) | 4 (1%) |
| Court Liquidation | 11 | 4 (36%) | 3 (27%) | 1 (9%) | 1 (9%) | (0%) | 2 (18%) | (0%) | (0%) |
| Voluntary Administration | 25 | 14 (56%) | 5 (20%) | 4 (16%) | 0 (0%) | (0%) | 2 (8%) | (0%) | (0%) |
Analysis:
There were a total of 311 formal appointments throughout Australia in January 2021, the majority of which were in New South Wales (156 or 50%), Victoria (66 or 21%) and Queensland (47 or 15%).
