From 2020 onwards, AFSA will be analysing aspects of the personal insolvency system and publishing our findings in best practice reports. The reports will initially focus on the strategic areas highlighted in the annual Insolvency compliance program.
Registered trustee remuneration in the personal insolvency system
To better understand why the market is not operating as effectively as expected, this report considers the process by which remuneration is set in the personal insolvency system and AFSA’s approach to monitoring its efficacy.
It summarises the key findings of AFSA’s various monitoring mechanisms, describes some examples of poor practice and identifies best practice principles around remuneration for practitioners.