The Debt Agreement thresholds are indexed in accordance with the Consumer Price Index (CPI).
The Debt Agreement thresholds are currently:
- Unsecured creditors < $95,386.20; or
- Assets < $95,386.20; or
- Income < $71,539.65 (after tax) or approximately $96,731 (before tax for Australian residents)
If you exceed these limits you will be ineligible for a Debt Agreement and will need to consider a Personal Insolvency Agreement.
The statutory thesholds are maintained by ITSA.
