The Australian Securities and Investments Commission (ASIC) has released its first detailed review of voluntary administration (VA) and deed of company arrangement (DOCA) outcomes, providing useful insight into when these processes are most likely to deliver restructuring outcomes and when alternative insolvency pathways may be more appropriate.
On 7 July 2026, ASIC published Report 836, Review of voluntary administration and deed of company arrangement process: 2021–2025. The report examines 3,528 grouped appointments involving 5,020 companies that entered voluntary administration between 1 July 2021 and 30 June 2025, making it the most comprehensive analysis of VA and DOCA processes published by ASIC to date.