The Australian Financial Security Authority (AFSA) is undertaking a phased approach to modernise the National Personal Insolvency Index (NPII).
This program of work includes updates and changes to strengthen the NPII and enhance compliance with legislative requirements.
Phase 1
Phase 1 came into effect immediately on Saturday 1 February 2025.
New sections and data fields on the NPII
On Saturday 1 February 2025, the following new sections and data fields were added to the NPII (noting the first business day is Monday 3 February 2025).
The new sections and data fields provide transparency for debtors, creditors and trustees.
Section and data fields | New | Update | Details |
---|---|---|---|
Administration details | brightness_1 | brightness_1 |
This section will have a new sub-type field. The sub-type field identifies if the administration is for an individual, joint or partnership. |
Joint administration details | brightness_1 |
This new section contains a field for the date a joint statement of affairs was filed. This section will only appear when a joint statement of affairs is filed. *Note: Only displayed if data is available. |
|
Partnership details | brightness_1 |
This new section contains a field for the date a partnership statement of affairs was filed. This section will only appear for partnership bankruptcies and will populate when the separate statement of affairs for the partnership is filed. *Note: Only displayed if data is available. |
|
Debtor details | brightness_1 | brightness_1 |
This section has been updated to include 4 new fields:
*This field will show Yes if the debtor joined in presenting a debtor's petition against a business partnership (s56) and No for non-petitioning debtors. |
Trustee details / Administrator details | brightness_1 | brightness_1 |
This section has 4 new fields:
Note:
|
Annulment details | brightness_1 |
This new section will display when there is an annulment event for a bankrupt estate, showing:
|
|
Related debtors | brightness_1 |
This new section will list all other debtors involved in a joint or partnership administration (besides the debtor that was initially searched for).
* This relates to business partnerships and will show Yes if the debtor joined in presenting a debtor's petition against a business partnership (s56) and No for non-petitioning debtors. |
Information about changes to modernise the NPII will be shared as the program progresses. If you need further information, please contact:
- call us on 1300 364 785 or
- email us at registry@afsa.gov.au.
Reminder to notify the Official Receiver of finalising the administration of a debtor's estate via OIS form or email
Under section 53 of the Bankruptcy Regulations 2021, the trustee of a regulated debtor's estate must give the Official Receiver written notice of finalisation of the administration of the debtor's estate within 5 business days after the day of finalisation.
More information
Trustees are reminded that they are required to provide written notice to the Official Receiver within 5 business days after the day of finalisation and to submit this notification via one of the following channels:
- Online Insolvency Service: navigating to the Form tab and utilising the Request Finalisation form.
- Email to registry@afsa.gov.au: please include 'Request Finalisation' in your email subject, and provide the following information in your email body:
- your business name
- the administration name
- the administration number
- the finalisation date, and
- the given name(s), surname, and email address of the registered trustee making the notification.
A confirmation email will be sent to the trustee.
No. The Annual Administration Return (AAR) form will continue to collect administration finalisation data for the 2024-25 AAR lodgement required in August 2025 and is a requirement of the Inspector-General in Bankruptcy.
This is an additional requirement and does not replace the requirement for all trustees to provide written notice to the Official Receiver directly (as required under section 53 of the Bankruptcy Regulations 2021).
Under section 184 of the Bankruptcy Act 1966, registered trustees are released at the end of 7 years from the date on which the Official Receiver entered in the NPII that the administration of the estate was finalised.
As a result, it is important trustees notify the Official Receiver within 5 business days after the day of the finalisation. This will enable the NPII to be updated in a timely manner with this information captured by the Official Receiver and provide transparency to all parties.