Our Regulatory Charter explains how we approach the regulation of the insolvency profession.
The regulatory charter PDF can be downloaded from Regulatory publications.
We also provide guidance on general and more specific duties of trustees, see more details under each topic.
How we monitor compliance
We monitor the activities of practitioners to ensure compliance with the Act.
- Monitoring and inspection of bankruptcy trustees and debt agreement administrators
- Issuing of infringement notices by the Inspector- General in Bankruptcy
Reviews and approvals by the Inspector-General
AFSA has a statutory role in undertaking reviews of trustee decisions, including remuneration, objections to discharge, and income contributions to name a few.
- Statutory reviews of trustees' decisions
- Reviewing remuneration of trustees and costs of third party service providers
AFSA can also approve the remuneration of a trustee in certain circumstances.