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
  • referring alleged offences under the legislation to the appropriate authority.

Trustees are required to comply with the specified 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 engaged in at least 4,000 hours of relevant employment at a senior level in the preceding five 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

Three years.

Fees

Fees Details for this service in table format.

Task Type Business Structure Amount Description
Apply Application All $2200.00 Application for registration
Apply Licence All $1300.00 Initial registration (3 years)
Renew Renewal All $1700.00 -

Forms

Act(s) name

Bankruptcy Act 1966 Australian Government

Regulation(s) name

Bankruptcy Regulations 1996 Australian Government

Administering agency

Australian Financial Security Authority

Contact details

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

Please use these contact details for help or more information:

Regulation Practitioner Officer, Regulation and Enforcement

Australian Financial Security Authority

Phone: 1300 364 785
Fax: 07 3360 5402
Email: rpor@afsa.gov.au