Call for submissions to the debt recovery review

04/11/2010

The New South Wales Government is reviewing the debt recovery process in NSW. Attorney General John Hatzistergos says that approximately 30 per cent of the matters going through the Downing Centre Sydney and Parramatta Local Courts relate to debt recovery for business, strata corporations and individuals (not including debt related to card or loan agreements).

"Any improvements to processes for debt recovery should help a large number of claimants going through the Local Court," Mr Hatzistergos said.

"About 40 per cent of claims filed in the Local Court were uncontested and resulted in default judgment in 2007, or more than 60,000 claims," he said.

The issues paper, which can be found at the Better Regulation Office's web site, has been released for public comment until 25 November 2010. Submissions may be emailed to debtrecoveryreview@dpc.nsw.gov.au or to

Debt Recovery Review Better Regulation Office GPO Box 5341 Sydney NSW 2001

Phone: 02 9228 5414 Fax: 02 9228 4408

**4 November 2010 **