business.gov.au

Registration as a Debt Agreement Administrator - Australian Government

Description

You will need this registration to operate as a registered debt agreement administrator in Australia. A registered debt agreement administrator handles debt agreements on a debtor's behalf.

You can register as an individual or as a company.

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:

  • attach a criminal database search for yourself or in the name of the company applicant and each individual that is a director for the company applicant
  • have an overseas police check from any country where you (and all directors of any company applicant) have been a resident for at least one year in the last 10 years
  • have a current National Police Certificate
  • submit written evidence of adequate and appropriate professional indemnity and fidelity insurance
  • submit two referee reports attesting that you (and all directors of any company applicant) are a fit and proper person
  • demonstrate that you have the ability, including the knowledge, to immediately perform satisfactorily the duties of a debt agreement administrator
  • demonstrate that you have adequate systems and controls to perform the work of a debt agreement administrator.

Prerequisites

Must Have

Australian Federal Police Certificate

Duration

3 years

Fees

Fees Details for this service in table format.

Task Type Business Structure Amount Description
Apply Application All $2200.00

Application for registration. Fees for 2024-25
Apply Licence All $1300.00

Initial registration (3 years). Fees for 2024-25
Renew Renewal All $1700.00

Renewal of registration (every 3 years). Fees for 2024-25

Act(s) name

Bankruptcy Act 1966 Australian Government

Regulation(s) name

Bankruptcy Regulations 2021 Australian Government

Approval time

Your application will be acknowledged within 5 business days of receipt of the completed application. If you are eligible, you will be contacted to arrange a suitable date and time for an interview. You will be advised of the outcome of your application within 45 business days of your interview.

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.