ASIC’s July 2026 review of voluntary administration outcomes is a useful reference point for practitioners advising SME clients under financial pressure. It reinforces a practical point we see regularly: voluntary administration remains a valuable restructuring tool, but the outcome is shaped by timing, preparation and the strength of the proposal put to creditors.
What the ASIC data shows
ASIC reviewed 5,020 companies that entered voluntary administration between 1 July 2021 and 30 June 2025, grouped into 3,528 appointments. The review found that voluntary administration now represents a smaller share of external administrations than it did historically, falling from around 35–40% in FY00–FY06 to around 10% in FY25 and…