Glossary

List of glossary items

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  • Australia has a robust personal insolvency system. The integrity of the data contained on the PPSR and the appropriate access and use of this data is also of great importance.

    In administering and regulating these systems, AFSA proactively works with stakeholders and members of the public in maintaining high standards of practice. Where it is believed these high standards of practice are compromised, we thoroughly assess the matter.

    Examples of a 'tip off' could be where you have information regarding potential fraud being committed by a practitioner, bankrupt or creditor, or an individual using PPSR data in a fraudulently for gain.

  • A security interest that arises from a transitional security agreement.

  • TIS National is an interpreting service, provided by the Department of Immigration and Citizenship, for people who do not speak English and for the English speakers who need to communicate with them.

  • An application made by a bankrupt to his or her trustee for permission to leave Australia.

  • A person or body who administers a bankruptcy or personal insolvency agreement. They can be either the Official Trustee (AFSA) or a registered trustee. See registered trustee and Official Trustee in Bankruptcy.

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