A Private Registered Bankruptcy Trustee is a fully qualified personal insolvency practitioner who is registered with the Australian Financial Security Authority (AFSA) to administer bankrupt estates and Personal Insolvency Agreements. In order to become registered, one will need to hold the necessary qualifications and have completed the minimum level of studies and also have extensive work experience and knowledge in dealing with insolvency and bankruptcy matters. AFSA (who is the licensing authority) usually expects the applicant to have the following qualifications/experience:
- Hold a university degree majoring in accountancy;
- Is a member of the Institute of Chartered Accountants or CPA Australia; and
- Preferably is also a member of the Australian Restructuring Insolvency & Turnaround Association (ARITA).
All Registered Trustees are regularly monitored by AFSA. AFSA usually conducts an annual inspection of a Registered Trustee’s file to ensure that the high level of standards are maintained.
Choosing to work with a Registered Trustee is advantageous as they will be able to help you with all personal insolvency services, including:
Debt Free Australia has a Registered Trustee on site so we look forward to being able to assist you with your personal insolvency issues.
If you are considering either a Debt Agreement, Personal Insolvency Agreement or Bankruptcy, then call our highly trained debt advisors on 1800 676 598 to receive impartial and obligation-free advice.