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ARTICLE · 20 JULY 2026

New ASIC Report Shows Voluntary Administration And DOCAs Remain Important Restructuring Tools

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The Australian Securities and Investments Commission has released its first comprehensive review of voluntary administration and deed of company arrangement outcomes, analyzing over 5,000 companies from 2021 to 2025. The report reveals critical insights into when these restructuring processes are most effective, showing that larger companies with liabilities exceeding $10 million have significantly higher success rates, while smaller companies may benefit from alternative insolvency pathways.

AustraliaInsolvency/Bankruptcy/Re-Structuring
Rob Lawson
Rob Lawson
Charlie Hodgetts
Charlie Hodgetts
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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.

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This publication does not deal with every important topic or change in law and is not intended to be relied upon as a substitute for legal or other advice that may be relevant to the reader's specific circumstances. If you have found this publication of interest and would like to know more or wish to obtain legal advice relevant to your circumstances please contact one of the named individuals listed.

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