The Personal Insolvency Regulator (PIR) is a quarterly newsletter from AFSA.
Annual Trustee Return and Significant Events forms are changing
AFSA is changing the way Registered Trustees access and process their Annual Trustee Return form (Form 32) and Notification to the Inspector General of Significant and Other Events form (Form 33) to make it easier and more efficient to complete. ...
Statutory requirements for filing your consent to act as trustee
AFSA would like to remind practitioners about the filing requirements for Consents to Act, particularly those relating to creditor’s petitions and sequestration orders. ...
AFSA Personal Insolvency Stakeholder Forum
AFSA thanks our stakeholders who joined us for a dynamic discussion on how AFSA can work together to help make our system stronger at June’s Personal Insolvency Stakeholder Forum. ...
Guidelines relating to Capital Gains Tax - IGPG3
In June 2021, the Australian Tax Office (ATO) published guidance for Trustees reminding them of the ATO’s position that capital gains tax (CGT) applies to assets sold in a bankrupt estate and is to be remitted to the ATO, a requirement which makes Trustees personally liable for payment. ...
AFSA at the Financial Counselling Australia Conference
Last month, AFSA connected with financial counsellors in Canberra at the 2023 Financial Counselling Australia conference. ...
AFSA and ASIC release mental health brochure for insolvency practitioners and their staff
Insolvency practitioners and their staff may engage with stakeholders who are facing mental health issues. Practitioners and their staff can also face these issues in their own personal and professional lives. ...