Key stats for creditors: ASIC’s ‘Review of small business restructuring process: 2022–24’

Key Statistics:

• Significantly growing uptake: from 448 appointments  in 2022–23 compared to 1,425 in 2023–24, with the number of appointments for  2024–25 anticipated to be around 3,000.
• Approval rate is declining: 79% in the  first half of FY24-25 compared to 88% in FY22-23. Driven by an increase in  plans being rejected by creditors.
• Plans are most commonly fulfilled: 92%  of the 1,260 finalised SBR plans were fulfilled rather than terminated.
• Most companies who’ve fulfilled a plan  remain registered: 93% where the plan was fulfilled by 31 March 2025 remained  registered at the end of April 2025.
• $101 million paid to unsecured creditors:  for finalised and fulfilled plans.
• Average dividend of 21 cents in the dollar:  median was 20 cents in the dollar to unsecured creditors.
• Creditors were owed generally well below  the $1 million threshold: $359,089 was the median value of admissible  unsecured creditor claims, $427,593 was the average.
• Small number of creditors per SBR: a  median of 2 creditors, an average of 4.2.
• ATO a key creditor: 93% of companies  where the restructured plan was fulfilled had the ATO as a creditor.
• 87% of funds paid out went to the ATO: around  87% of funds distributed and categorised as unsecured creditor payments was  paid to the ATO (approximately $88 million).

Want to learn more about small business restructure? Read our article A Creditors Guide To Small Business Restructuring which covers what this process is, how the ATO relates, what it means for creditors and how it affects PPSR.

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Source: ASIC Review of small business restructuring process: 2022–24