Glossary

List of glossary items

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  • A form of security that ensures the repayment of a debt (or the performance of an obligation) by providing that, should the debt not be repaid, the creditor has rights to be paid, usually out of the proceeds of the sale of an asset.

  • A form sent to each creditor of a debtor who has proposed a debt agreement, variation or termination so that the creditor can complete it with details of its claim and vote as to whether they accept the proposal or reject it.

  • A method of doing business that focuses on the client.

  • Personal property offered up as security for a debt or other obligation owed to sellers, financiers or other secured parties; collateral is personal property that has a security interest attached to it and must be described when registering on the PPSR.

  • The following classes of collateral are prescribed in the PPS Regulations: agriculture, aircraft, all present and after acquired property, all present and after-acquired property, except, financial property, intangible property, motor vehicles, other goods and watercraft.

  • Personal property other than consumer property.

  • When AFSA, acting as the Official Trustee, administers an estate, all amounts held in respect of the estate are deposited into the Common Investment Fund.

  • An independent prosecution service established to prosecute alleged offences against Commonwealth law and deprive offenders of the proceeds of criminal activity under the control of the Director, a statutory officer appointed by the Attorney-General.

  • A framework stipulating the importance of performance for Commonwealth entities as required under paragraph 5(b) of the Public Governance, Performance and Accountability Act 2013.

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