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From 2 August 2021, Australian personal insolvency laws apply to Norfolk Islanders. This change was introduced as part of the Territories Legislation Amendment Act 2020 which brings the regulation of companies, bankruptcy and broadcasting on Norfolk Island in line with the rest of Australia.
AFSA’s website has a range of useful resources for those considering bankruptcy or other formal personal insolvency options. We encourage anyone considering their options to browse our website, speak to a registered practitioner or financial counsellor.