- Personal Insolvency and Trustee Services Administer the Bankruptcy Act, regulate bankruptcy trustees and debt agreement administrators, review decisions of trustees and investigate allegations of offences under the Bankruptcy ActAdminister bankruptcies and other personal insolvency arrangementsOperate a public bankruptcy registry service with compliance and coercive powers to assist bankruptcy trustees to discharge their responsibilitiesAdminister funds and property in accordance with orders made under the Proceeds of Crime Act 2002 and other Commonwealth legislation