Glossary

List of glossary items

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  • AFSA's Enforcement function is responsible for investigating all alleged offences under the Bankruptcy Act 1966 and Personal Property Securities Act 2009, preparing briefs for prosecution and providing support to prosecutors and litigants.

  • An integrated view of the data produced and consumed across an entire organisation.

  • Explains the nature and intricacies of the environment in which AFSA operates. This can include demographic, geographic or temporal factors that affect AFSA and its work, and the regulatory or competitive environment that AFSA operates in.

  • A person's estate is comprised of his or her property. When a person becomes bankrupt, ownership of most property and the rights attached to this property transfers to the trustee, and the trustee deals with this property (the trustee administers the estate) for the benefit of creditors.

  • In relation to a person means the person's dealings, transactions, property and affairs and the financial affairs of an associated entity of the person in so far as they are or appear to be relevant to the person or to any of his or her conduct, dealings, transactions, property and affairs.

  • Assets/property that cannot be sold in bankruptcy by the trustee. These are identified in s116 of the Bankruptcy Act 1966.

  • When a debt is released after bankruptcy, debt agreement or personal insolvency agreement. This means the person is no longer liable to pay the debt.

  • A judgment that finally determines the issues between the parties in a proceeding. A bankruptcy notice must be founded on a 'final judgment or order'.

  • A person who gives confidential and independent assistance to people with financial problems. Financial counselling services are usually provided by community or welfare organisations and are often provided free of charge.

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