Off the wire
• World Bank, IMF vows to help improve tax systems in developing countries  • New Zealand minister to study China's inland economic development  • Australia risks becoming "global pariah" of climate change  • Brazilian soccer standings  • Fred nets winner as Fluminense rise to second  • 1st LD: China H1 foreign trade drops 6.9 pct  • Palmeiras close to deal with Paraguay striker  • 95 percent against security bills in Japan's Osaka: poll  • Brazilian soccer results  • Australia's first royal commission into domestic and family violence begins in Melbourne  
You are here: 　 Home

Australian bankruptcies fall to lowest level in 20 years

Xinhua, July 13, 2015 Adjust font size:

Australian personal bankruptcies have fallen to their lowest levels in 20 years, the Australian Financial Security Authority (AFSA) revealed on Monday.

AFSA figures showed total bankruptcies Australia wide in 2014- 15 fell by 7.7 percent to 17,163 -- the lowest number in 20 years, local media reported.

However, the mining rich regions of Western Australia and the Northern Territory bucked the trend, with personal bankruptcies up by 19.3 percent and 3.5 percent respectively.

New South Wales recorded the biggest fall in the number of bankruptcies, followed by Tasmania, Victoria, Queensland, South Australia and the Australian Capital Territory. Endi