Mildura and North West Victoria recorded 68 corporate insolvencies in FY2026, up 41.7% on the FY2025 figure of 48. Nationally, insolvencies fell 3.9% over the same period. The region is moving in the opposite direction to the rest of the country. Construction and transport each account for 17.6% of local failures. But the spread of the remaining insolvencies across agriculture, hospitality, retail, and manufacturing tells you this is broader than one sector correcting.
Appointments have climbed from 19 in FY2022 to 68 in FY2026, a 258% increase in four financial years. Mildura and North West Victoria now accounts for 1.7% of all Victorian insolvencies.
The region covers Sunraysia, the Mallee, Swan Hill, and the Wimmera. It is horticulture, viticulture, transport, and agribusiness country, sitting on the Melbourne to Adelaide freight corridor. Its economy depends on a small number of large agri-processors and transport operators, and that concentration makes local receivables unusually sensitive to a single buyer failure.
Data: ASIC Australian Insolvency Statistics (Series 1 and 2) released 11 August 2026, data to 26 July 2026.
Mildura and North West Victoria at a glance: ASIC Insolvencies FY2026
48
FY2025 insolvencies
ASIC Series 1
+
42
%
FY2026 vs FY2025
national: -3.9%
68
FY2026 insolvencies
Jul 2025 – Jun 2026
18
%
Construction share
(transport equal)
Mildura insolvency trend: FY2022 to FY2026
FY2026 is a completed financial year, with data to 26 July 2026. It represents a 258% increase on FY2022. Victoria recorded 4,100 insolvencies in FY2026. Mildura and North West Victoria contributed 68 of those, a 1.7% share.
FY2026 insolvencies by industry
| Industry | Insolvencies | Share of local failures |
|---|---|---|
| Construction | 12 | 17.6% |
| Transport, Postal, and Warehousing | 12 | 17.6% |
| Agriculture, Forestry, and Fishing | 7 | 10.3% |
| Administrative and Support Services | 7 | 10.3% |
| Manufacturing | 6 | 8.8% |
| Retail Trade | 6 | 8.8% |
| Accommodation and Food Services | 5 | 7.4% |
| Rental, Hiring, and Real Estate | 5 | 7.4% |
| Other Services | 3 | 4.4% |
| Arts and Recreation Services | 2 | 2.9% |
| All other industries | 3 | 4.4% |
NCI claims intelligence: where losses are concentrating
Source: NCI internal claims data, July 2025 to 31 July 2026 (13 months). National claims portfolio of AUD $53.39 million across the eight sectors carrying the greatest weight in the Mildura and North West Victoria insolvency mix.
How trade credit insurance protects Mildura businesses
Bad debt protected
Recover up to 90% of unpaid invoices when a buyer becomes insolvent or fails to pay, protecting your profit and your ability to keep trading.
Buyer risk you can see
Real time credit limits and monitoring across thousands of Australian and international businesses. Know the risk before you ship.
Better access to finance
Banks and lenders treat insured receivables as higher quality collateral, which can unlock better rates and higher limits on invoice finance.
Room to grow sales
Extend credit to buyers you would otherwise turn away, and win more business without carrying more risk.
Overdue accounts recovered
NCI’s commercial collections team pursues recovery on your behalf, reducing the load on your credit team and improving returns on disputed accounts.
Expert advice, broad market access
As Australia’s largest specialist trade credit insurance broker, NCI works across all leading underwriters to match cover to your actual exposure.
Key takeaway: Mildura and North West Victoria
With 68 insolvencies in FY2026, up 41.7% on the FY2025 figure of 48 and against a national movement of 3.9% down, Mildura and North West Victoria calls for active credit risk management. Construction and transport each account for 17.6% of failures. But the breadth of FY2026 distress across hospitality, retail, administrative services, and manufacturing points to a systemic deterioration in business viability, not a single sector problem. FY2026 confirms this elevated risk environment as the new baseline.
For suppliers extending credit into the Sunraysia horticulture and freight corridor, the concentration of the local economy in a handful of large agri-processors and transport operators makes a single buyer failure disproportionately damaging.
If you are trading into this region, talk to NCI about where your exposure sits and how to cover it.
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