Bankruptcy Trustee Registration - Australian Government

Description

You will require this registration if you intend to act as a bankruptcy trustee and administer the estates of bankrupts and other insolvent debtors. This involves providing services such as:

  • selling property
  • notifying the bankrupt's creditors of the bankruptcy
  • investigating the disposition of property
  • determining the sums owing to creditors
  • holding creditors' meetings
  • reporting to creditors
  • distributing dividends to creditors; an
  • referring alleged offences under the legislation to the appropriate authority.

Trustees are required to comply with the specified Performance Standards for Trustees.

Please consult the Contact Officer for more information.

Service type

Licence

A licence defines the need to obtain recognition / certification and registration to undertake a certain business activity.

Eligibility requirements

To be eligible for this registration you must:

  • demonstrate the required skills
  • have been employed full-time for 2 of the last 5 years
  • submit evidence of your qualification
  • submit two referee reports attesting to your current knowledge and ability
  • satisfy the Agency that you are suitable to be registered as a trustee
  • lodge the application on the prescribed form
  • submit the prescribed application fee.

Please consult the Contact Officer for more information regarding eligibility requirements.

Duration

3 years.

Fees

Fees Details for this service in table format.

Task Type Business Structure Description
Apply Application All

Please consult the Contact Officer for information on fees to be submitted.

Act(s) name

Bankruptcy Act 1966 AG

Regulation(s) name

Bankruptcy Regulations 1996 AG

Administering agency

Australian Financial Security Authority

Regulation and Enforcement

Contact details

Contact Email, Phone and Address Details for this service in simple two column table format, header then data.

Enquiries

Regulation and Enforcement

Australian Financial Security Authority

Mailing address: GPO BOX 821
Canberra, Australian Capital Territory 2601
Phone: 1300 364 785