AFSA's online annual administration return (AAR) service.
Glossary
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The record of independent reviews performed by the Administrative Appeals Tribunal (AAT). The AAT provides independent review of a wide range of administrative decisions made by the Australian Government and some non-government bodies.
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The person or group of persons who has responsibility for, and control over, the entity's operations. AFSA's accountable authority is our Chief Executive and Inspector-General in Bankruptcy.
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Written instructions to officials that assist AAs to meet their obligations under the Public Governance, Performance and Accountability Act 2013 (PGPA Act).
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Work that an organisation performs using business processes to achieve a specific result.
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- A personal insolvency. Can be a debt agreement, personal insolvency agreement, Part IV bankruptcy or Part XI deceased estate.
- The effective and efficient management of a debtor's or bankrupt's financial affairs in accordance with the Bankruptcy Act 1966.
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Sequential numbers assigned to insolvency administrations. In the format STATE SEQUENTIAL NUMBER / YEAR / CHECK DIGIT—e.g. TAS 6000/14/3.
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A process under the Personal Property Securities Act 2009 that allows persons with an interest in collateral described in a registration to demand to have the registration removed or amended in certain circumstances.
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Provides independent review of a wide range of administrative decisions made by the Australian Government and some non-government bodies.
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An Act relating to the review on questions of law of certain administrative decisions.
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The provisions contained in a range of legislation giving entitlement to seek review of a decision made by a government department or agency.
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Publication of a notice on the AFSA website or in a newspaper via the method approved by the Inspector-General advising a meeting of creditors.
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Property acquired by a bankrupt after the date of bankruptcy and before discharge.
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A collateral class registrable on the Personal Property Securities Register (PPSR).
It includes all personal property over which the grantor has an interest both at the time a registration is made and after.
This is sometimes abbreviated to ‘AllPAAP’.
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A collateral class registerable on the Personal Property Securities Register (PPSR).
It includes all present and after-acquired property, except for any personal property of the grantor stated in the registration as being exempt.
This is sometimes abbreviated to ‘AllPAAP except’.
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A person or entity who/that is alleged to have committed a criminal offence/s.
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Used to collect information on the operation of the Bankruptcy Act 1966 from debt agreement administrators, controlling trustees and registered trustees. Section 70-5 of Schedule 2 of the Insolvency Practice Schedule (Bankruptcy) and section 185LEA of the Bankruptcy Act empowers the Inspector-General in Bankruptcy to obtain this information.
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A document prepared by a Commonwealth entity's accountable authority after the end of a financial year that acquits actual performance against the planned performance for that year described in the entity's corporate plan. Annual performance statements are included in an entity's annual report.
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A transaction that has taken place prior to a personal insolvency agreement or bankruptcy that is void against the trustee. Includes a transaction where less than market value has been paid for an asset, a transfer has been made to prevent the property becoming divisible among creditors or a preferential payment has been made to a specific creditor. A trustee has the ability to recover the asset or difference in purchase price paid.