A service that provides value to its consumers through the enactment of a defined business process.
Where an individual's bankruptcy is directly related to his or her proprietary interest in a business.
The ability for AFSA to utilise resources effectively to achieve a predictable, productive outcome. A capability is built from the people, knowledge and skills present within AFSA, the services they provide and consume, the systems utilised in providing and consuming those services, and the data that underpins these systems and human knowledge. AFSA’s core capabilities are contained in the following key areas; financial and legal, process and administration, data analytics and technology.
A certificate issued by the Official Receiver confirming the appointment of a trustee (or trustees) to an insolvency administration.
A certificate pursuant to subsection 185C(2D) of the Bankruptcy Act 1966, which accompanies a debt agreement proposal filed with the Official Receiver. It includes the following:
- consent to be the debt agreement administrator
- confirmation that the prescribed information was given to the debtor
- a statement that the administrator has reasonable grounds to believe the debtor can afford and sustain the debt agreement
- a statement that the administrator has reasonable grounds to believe that the debtor has set out all required information in their statement.