Regulatory Charter
Our Regulatory Charter explains how we approach the regulation of the insolvency profession.
The regulatory charter PDF can be downloaded from Regulatory publications.
We also provide guidance on general and more specific duties of trustees, see more details under each topic.
How we monitor compliance
We monitor the activities of practitioners to ensure compliance with the Act.
- Monitoring and inspection of bankruptcy trustees and debt agreement administrators
- Issuing of infringement notices by the Inspector- General in Bankruptcy
See the Guidance video: AFSA Personal Insolvency Practitioner Compliance Report [You Tube]
Reviews and approvals by the Inspector-General
AFSA has a statutory role in undertaking reviews of trustee decisions, including remuneration, objections to discharge, and income contributions to name a few.
- Statutory reviews of trustees' decisions
- Reviewing remuneration of trustees and costs of third party service providers
- Trustees' guidelines for issuing objections to discharge when statements of affairs not yet filed
AFSA can also approve the remuneration of a trustee in certain circumstances.
For more information