Australian Financial Security Authority
AFSA fulfils the role of Inspector-General in Bankruptcy, the Official Receiver, and the Official Trustee in Bankruptcy. The Inspector-General is responsible for the general administration of the Bankruptcy Act and has powers to regulate bankruptcy trustees and debt agreement administrators, review decisions of trustees and investigate allegations of offences under the Act. On behalf of the Official Receiver, they operate a public bankruptcy registry service with compliance and coercive powers to assist bankruptcy trustees to discharge their responsibilities. The Official Trustee in Bankruptcy, a body corporate, administers bankruptcies and other personal insolvency arrangements when a private trustee or other administrator is not appointed. The Registrar administers the Personal Property Securities Register in compliance with the Personal Property Securities Act 2009 and Regulations. This includes responsibility for ensuring the register is accessible and accurate.
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