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Submitted by Richard_Li on Wed, 09/14/2022 - 21:16
Aliases
Australian Financial Security Authority
Portfolio

Lead Body
No
Employment Arrangements
Enabling legislation

Annual report prepared under section 46 of the PGPA Act.
Additional annual report requirement
See “Other references to 'annual report' under enabling legislation”
Other requirements and references to ‘annual report’ under the enabling legislation

Section 35 of the PGPA Act applies
Yes
Section 35(3) of the PGPA Act applies
Yes

Outcome #1: Maintain confidence in Australia's personal insolvency and personal property securities systems by delivering fair, efficient and effective regulatory, trustee, registry and information services
# Program Body Contribution
1.1 Personal Insolvency and Trustee Services Australian Financial Security Authority

We offer unique and specific expertise in personal insolvency and trustee services which the community, business sectors and government rely on. Our strong industry experience in the administration of insolvent estates upholds the integrity of the personal insolvency system. We deliver value to creditors by performing our functions in a commercially sound way. Our collaborative approach, depth of industry-specific knowledge and strong stakeholder relationships inform our better practice trustee servicesWe seek to create an environment that minimises harm caused by significant non-compliance with the law or a failure by the regulated community to adhere to an expected standard of behaviour

1.2 Operation of a National Register of Security Interests in Personal Property Australian Financial Security Authority

Our expertise in combining industry knowledge, legal and financial acumen, technology and a client-centred approach supports the operation of the personal property securities system in AustraliaThe application of this expertise enables us to deliver innovative solutions in response to the needs of our users and stakeholders. Our working knowledge of personal property securities law and experience in making informed administrative decisions foster confidence in the personal property securities system and support financial risk management and access to finance within the economyWe seek to create an environment that minimises harm caused by significant non-compliance with the law or a failure by the regulated community to adhere to an expected standard of behaviour

# Program Body Contribution
1.1 Federal Policing - Investigations Australian Federal Police

AFSA provides regulatory advice and information to the AFP to support proceeds of crime work and financial investigations such as foreign bribery and fraud. AFSA exchanges information with the Australian Taxation Office and administers the bankruptcy notices and payment arrangements to support this.

1.1 Australian Taxation Office Australian Taxation Office

AFSA provides regulatory advice and information to the AFP to support proceeds of crime work and financial investigations such as foreign bribery and fraud. AFSA exchanges information with the Australian Taxation Office and administers the bankruptcy notices and payment arrangements to support this.