Glossary

List of glossary items

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  • The provisions contained in a range of legislation giving entitlement to seek review of a decision made by a government department or agency.

  • Publication of a notice on the AFSA website or in a newspaper via the method approved by the Inspector-General advising a meeting of creditors.

  • AFSA's online annual estate return (AER) service.

  • Property acquired by a bankrupt after the date of bankruptcy and before discharge.

  • Personal property over which the grantor has an interest at the time the registration is made on the PPS Register, and personal property acquired after the registration is made on the PPS Register.

  • All present and after-acquired property, except for an item or class of personal property stated in the registration as being exempt.

  • 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. Paragraph 12(1)(c) of the Bankruptcy Act empowers the Inspector-General in Bankruptcy to obtain this information. See also s170 annual return.

  • 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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