Over 2020–2021, AFSA will provide information to help guide prospective applicants through the process of applying for registration. FAQs are answered on our website and the page is regularly updated. Find out more.
Do you have any other questions about the registration process for personal insolvency practitioners? If so, email regulation [at] afsa.gov.au.
Are there any tips for preparing for the registration process?
The following are tips provided by past applicants from their experiences with the registration process:
About preparing your application
- Be prepared to invest time when collating your application..
- Have your work hours available in a format that can easily be manipulated. There will likely be questions on your hours to confirm your experience.
- The turnaround time from submission of the application to the interview is relatively short, mine was just under 2 months. Do not submit the application thinking you will have endless time to prepare before the interview. Work and life tend to get in the way.
- Assess your reasons for becoming a practitioner and take an honest appraisal of your level of knowledge. If you do decide to pursue accreditation, allow 6 to 12 months to prepare with a good structured study program to address any areas of weakness.
- If you need assistance or guidance, contact rpo [at] afsa.gov.au
About preparing for the interview
- The Personal Insolvency Regulator Newsletter is particularly useful in reviewing topical areas that can be questioned. A number of my interview questions were based on recent topics discussed in the prior 3 or 4 editions.
- I spent a week preparing for the interview by reading the Act and other reference material and was able to quote pretty much every section reference in the interview, which I think served me well with the committee.
- Learn the key cases (e.g. Foots) and key sections of the Act, Regulations, Schedule and Rules (for example, income provisions, trustee powers, objections and offences) so that these are front of mind.
- Speak with other trustees that have recently undertaken the process. They will have valuable insight.
About the reading time
- Use the reading time wisely and write down your initial thoughts on the answer to each question as quickly as possible
- Try to avoid excessive notes on early questions, as the 30 minutes goes very quickly. Make sure you have read every question before going in.
- Keep notes on questions short and simple. Use key section or case references to jog your memory as you will not have time to prepare detailed notes on each question.
About the interview
- Take your time in responding.
- Keep your answers concise and simple. The panel will ask follow up questions if they require further information or want to expand on certain points.
- Be prepared to answer questions from the committee that follow on from the written questions.
- Drink water. You talk a lot, and regularly drinking water will help calm the nerves and keep you steady.
What topic areas should I study for prior to a registration interview?
AFSA has released additions to our current registration Inspector-General Practice Statements. These list topic areas applicants are expected to know before a registration interview.
You can find areas of expected technical knowledge on our website:
- For those applying to become a registered debt agreement administrator: Inspector-General Practice Statement 4
- For those applying to become a registered trustee: Inspector-General Practice Statement 13
These lists may not cover all questions asked in an interview. Committee members or delegates of the Inspector-General may ask other questions relating to satisfy themselves that you have the requisite knowledge and ability to be registered.
Remember that applicants are expected to prepare before a registration interview with private study and also through practical experience working as a senior level staff member in insolvency.