Registration as a Debt Agreement Administrator - Australian Government

Description

You will require this registration if you intend to operate as a debt agreement administrator in Australia. A debt agreement administrator is assists debtors with information and prepares debt agreement proposals and administers debt agreements.

There are two different kinds of administrators:

  • Individuals; one person is acting alone as an administrator or will be in charge of overall management of the debt agreement.
  • Company; responsibility is held by the company rather than specific people for managing the debt agreement.

If you are a registered trustee and intend to act as an administrator in your own name you will not need separate registration.

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:

  • Have completed the mandatory qualifications detailed in the Guidelines;
  • Attach a criminal database search in the name of the company and each individual that is a director;
  • Demonstrate that you have the ability, including the knowledge, to immediately perform satisfactorily the duties of a debt agreement administrator; and
  • Comply with the obligations as set out in the legislation.

Both individuals and companies may apply.

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 Amount Description
Apply Application Sole Trader, Partnership, Company, Trust, Co-operative, Incorporated Association, Other $2200.00

Application for registration.

Apply Licence Sole Trader, Partnership, Company, Trust, Co-operative, Incorporated Association, Other $1300.00

Initial registration (3 years).

Renew Renewal Sole Trader, Partnership, Company, Trust, Co-operative, Incorporated Association, Other $1700.00 -

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

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