Glossary

List of glossary items

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  • A person appointed in accordance with the Personal Property Securities Act in order to administer the operation of the Personal Property Securities Register (PPSR) and make and delegate powers to make decisions with respect to its data and other relevant matters.

  • The Regulation function operates independently from AFSA's other functional roles, discharging the regulatory and review responsibilities of the Inspector-General in Bankruptcy under the Bankruptcy Act 1966.

  • The Regulation function operates independently from AFSA's other functional roles, discharging the regulatory and review responsibilities of the Inspector-General in Bankruptcy under the Bankruptcy Act. The enforcement function is responsible for investigating all alleged offences under the Bankruptcy Act and preparing briefs for prosecution.

  • A creditor who has some relationship to a particular debtor/bankrupt.

    For debt agreements lodged after 27 June 2019, 'related creditor' may also refer to a creditor who has some relationship with the debt agreement administrator.

  • For insolvency purposes in relation to a person, the Bankruptcy Act 1966 defines it as:

    1. a relative of the person
    2. a body corporate of which the person, or a relative of the person, is a director
    3. a body corporate that is related to the body corporate referred to in paragraph (b)
    4. a director, or a relative of a director, of a body corporate referred to in paragraph (b) or (c)
    5. a beneficiary under a trust of which the person, or a relative of the person, is a trustee
    6. a relative of such a beneficiary
    7. a relative of the spouse, or de facto partner, of such a beneficiary
    8. a trustee of a trust under which the person, or a relative of the person, is a beneficiary.

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