Glossary

List of glossary items

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  • The Official Receiver has discretion to withdraw a variation (section 185MD of the Bankruptcy Act 1966) or termination proposal (section 185PD of the Bankruptcy Act) during the voting period when a withdrawal request by the proposing creditor or debtor is received, or if the Official Receiver becomes aware of material reasons that could affect creditors' decisions when voting.

  • A notice issued by the Official Receiver, either on application by a trustee or at the Official Receiver's initiative, that requires a bankrupt, debtor or third party to do something specific and that imposes penalties for non-compliance.

  • A body corporate that administers bankruptcies and other personal insolvency arrangements when a private trustee or other administrator is not appointed.

  • A resolution passed by a majority in value of the creditors present personally, by telephone, by attorney or by proxy at a meeting of creditors and voting on the resolution.

  • The knowledge, experience, professional skill sets, and specialised people within AFSA that contribute to servicing clients and stakeholders and achieving AFSA's goals.

  • An organisation, such as a company, who grants a security interest in personal property.

  • Government outcomes are the intended results, impacts or consequences of actions by the government on the Australian community.

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