ASIC Corporate Insolvency Statistics for the September quarter of 2014 show that 2,469 companies entered external administration in this quarter. This is up 7% on the previous quarter but is down 16.2% on the September quarter for 2013.
Court appointments were up significantly in all states except for South Australia. Director initiated winding-ups continued to fall with NSW down 1.9%, Victoria down 4.5% and Queensland down 5%.
Voluntary administrator appointments were up 13.3% in NSW, down in Victoria and Queensland and up a staggering 70% in Western Australia as the slowdown in the resource sector continues.
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