Glossary

List of glossary items

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  • An officer appointed to be responsible for directing and managing the affairs of the company.

  • The end of a person's period of bankruptcy—although the activities of the bankrupt estate may continue. At present, the date of discharge is the day after bankruptcy ends, which is three years and one day from when a person files their statement of affairs with the Official Receiver, unless an objection to discharge is filed by the trustee that extends the bankruptcy.

  • A person whose period of bankruptcy has ended. A discharged bankrupt still has obligations at law but is no longer bankrupt.

  • A type of trust where the distributions from the trust are made at the discretion of the trustee.

  • A distribution of funds that is made to creditors from any asset or income realisations in an administration under the Bankruptcy Act 1966.

  • Assets/property that can legally be sold in bankruptcy by the trustee.

  • For a Commonwealth entity, the Act or legislative instrument that establishes the entity.

  • 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.

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