Insolvency Practitioners Complaints/statistics

Australian Securities and Investments Commission March 2011

Insolvency practitioners complaints statistics These statistics summarise information provided in ASIC’s public submission to the Insolvency Enquiry and also brings them up to date. ASIC will provide six-monthly updates on these figures.

Complaints volume trend 2006-07

2007-08 2008-09 2009-10 2010-11 To Dec Total/ Average % Total complaints and enquiries finalised 11,455 12,514 14,543 14,002 7,779 60,293 Total insolvency appointments 11,966 12,524 15,567 14,056 7,357 61,470 Total complaints and enquiries against insolvency practitioners 406 352 633 520 234 2,155 Total complaints and enquiries against insolvency practitioners excluding duplicates 344 317 438 467 218 1,784 % insolvency practitioners complaints and enquiries of total complaints and enquiries 3.5% 2.8% 4.4% 3.7% 3.0% 3.6% % insolvency practitioner complaints and enquiries of total appointments 3.4% 2.8% 4.1% 3.7% 3.2% 3.5%