Glossary

List of glossary items

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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’.

  • A person or entity who/that is alleged to have committed a criminal offence/s.

  • 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.

  • 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.

  • 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.

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