PIR Newsletter - June 2022

Introducing Tim Beresford

Tim started as Chief Executive of AFSA in early May 2022, and is committed to ensuring AFSA delivers its promise to be a firm and fair regulator and a world-class government service provider.

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AFSA’s library of exemplar behaviour case studies

We have published case studies showcasing best practice in the insolvency sector, to help promote compliance within the insolvency system.

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New resources for individuals and SMEs experiencing financial difficulty

We have developed two print-friendly resources to help individuals and small-medium businesses experiencing financial difficulty.

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Providing the guidance you need

We recently introduced changes to our insolvency guidance documents to make them easier to navigate and use. Have your say on what you think of them by Friday 15 July.

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Have your say: AFSA’s seeking feedback on changes to IGPD13

We are seeking feedback to proposed amendments to practice document Debt agreement administrators' guidelines to certification requirements (or IGPD13).

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Official Receiver Notices: enhancements and process changes

AFSA recently worked on some updates to our Official Receiver (OR) Notices process to make it more user-friendly.

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Compositions involving joint and separate estates

AFSA monitors composition proposals for creditors, submitted by those who are bankrupt. Recent applications have failed to appropriately manage individual interests of joint and separate estates together with applicable remuneration in each estate.

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Updates from the ATO

The ATO have provided some updates on SGC statements and Request for documents and self-service.

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Case notes

We’ve outlined some court decisions that have recently been handed down relevant to personal insolvency in Australia.

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