Important updates for debt agreement administrators
The Inspector-General has updated temporary guidance regarding debt agreement variations during COVID- 19. These changes are currently in effect until 30 June 2021.
For more information see Practitioners: COVID-19 and changes to debt agreements.
For further updated guidance for practitioners see Practitioners: COVID-19 and updated advice from the Inspector-General.
On this page:
In this section you will find guidance and direction on meeting your ongoing general and specific obligations as a personal insolvency practitioner within our regulatory framework. This information includes links to relevant pages and more details available in the Inspector-General Practice Statements (IGPS) and Inspector-General Practice Directions (IGPD).
We expect you to refer alleged offences under the Bankruptcy Act. For debt agreement proposals lodged after 27 June 2019, you have a duty to refer alleged offences under the Bankruptcy Act. Find out how to refer alleged offences to AFSA’s Enforcement team, or make a pre-referral enquiry.
For more details about types of offences and reporting obligations.
- Referring offences IGPS 14
- Issuing of infringement notices by the Inspector-General in Bankruptcy IGPS 18
Find out about the Inspector-General in Bankruptcy’s expectations on effective communication with bankrupts, creditors, debtors and other stakeholders
Find out more about a debt agreement administrator's obligations to collect realisation and interest charges on funds received into an estate:
- Collection of realisations and interest charges IGPD 2
- Guidelines for the payment of monies to the Commonwealth pursuant to Section 254 of the Bankruptcy Act 1966 IGPD 20
- Annual administration returns IGPS 7
- Practitioner AAR online services support information and user guides
- Login to Practitioner AAR online
These guidance documents will help you ensure compliance with your specific duties under the Act.
- Advertising and promotional activities of personal insolvency practitioners - IGPD 4
- What constitutes an expense recoverable in a debt agreement by an administrator? IGPD 3
- Treatment of secured creditors in a Part IX debt agreement IGPD10
- Debt agreement administrators' guidelines to certification requirements IGPD13
- Debt agreement administrators' guidelines relating to keeping proper accounts IGPD 15
- Guidelines relating to administrators' duty to notify the Official Receiver of 6-month arrears default IGPD 16
- Guidelines relating to administrators' duty to notify creditors of 3-month arrears default IGPD 17
- Bankruptcy (Registration and Cancellation of Registration of a Debt Agreement Administrator) Guidelines 2020 (‘the Guidelines’)
For more details about making an EFT payment for s254 unclaimed moneys, see claim unclaimed money.
If you have any questions, please contact our Finance team at Accounts.Receivable [at] afsa.gov.au.
AFSA will take action to cancel the registration of a debt agreement administrator on a voluntary basis or on an involuntary basis if there are sufficient grounds to justify the removal of an administrator from the insolvency profession.
- Involuntary cancellation of registration of debt agreement administrators and eligibility process IGPS 9