Video and online resources to provide guidance to insolvency practitioners.
Part one of the income contributions series introduces us to the contributions regime and will cover a broad overview of how it operates. This podcast includes:
- the contribution assessment process
- calculation of contribution liability
- what constitutes income
- hardship relief
- a bankrupt's review rights
- the collection of a contribution liability.
Part two of the income contributions series will go into more detail and deal with some of the more complicated aspects of the regime. This podcast includes:
- inclusions to income
- common errors made in assessing income contributions.
This video podcast series has been created to provide guidance on the topic of insolvency practitioner remuneration. In these online presentations:
- Paul Shaw, National Manager, Regulation and Enforcement and
- Tim Cole, Director Operations and Strategy, Regulation and Enforcement
explain the key principles and guidelines for compliance and best practice.
- principles applying to registered trustees when seeking to be remunerated
- information that must be provided by registered or controlling trustees to relevant stakeholders when seeking approval of their remuneration.
- allowable (personal insolvency) practitioner expenses and disbursements in bankruptcies
- how remuneration may be taken by personal insolvency practitioners
- when and how remuneration may be independently reviewed by AFSA
- allowable (personal insolvency) practitioner expenses and disbursements in debt agreements.
- solvent estates – when further work may not be warranted
- set up fees in debt agreements
- some common remuneration themes and recent regulatory trends.
We also aim to proactively identify, and where possible remedy, instances of overcharging or over-servicing.
A video podcast has been produced to provide AFSA stakeholders with information about our personal insolvency practitioner compliance report for 2014-2015 and also update on regulatory issues that have come to attention in the current financial year.
In this online presentation, Paul Shaw, National Manager, Regulation and Enforcement, covers three key areas:
- an overview of the compliance report
- highlights from the report
- recently observed compliance trends and themes.
A video podcast has been produced to provide guidance for insolvency practitioners and AFSA stakeholders on the topic of referring alleged offences to AFSA.
In this online presentation, Paul Shaw, National Manager, Regulation and Enforcement, covers relevant issues including:
- the obligations and AFSA’s expectations of insolvency practitioners in relation to offence referrals
- PRE referral enquiries
- offence referrals.
Inspector General Practice Guideline 1 (IGPG1): Guidelines relating to advertising and marketing of debt agreements
This video podcast provides guidance for insolvency practitioners and AFSA stakeholders in relation to advertising of debt agreements.
In this podcast, Neil Unantenne, Senior Inspector in AFSA’s Regulation and Enforcement division, provides a comprehensive overview of the revised Inspector General Practice Guideline 1.
The changes made to IGPG 1 in 2016 were in response to AFSA’s concerns based on regular monitoring, investigation of complaints and tip-offs from stakeholders.
Having reviewed and considered the feedback received, AFSA have made several changes to broaden, reorder and simplify the content within the guideline, to ensure that it is more accessible to readers.