Government and Statutory Bodies
Information about insolvency for creditors, employees, directors and shareholders. ASIC has produced 11 insolvency information sheets to assist you if you’re affected by a company’s insolvency.
They are written to give directors, employees, creditors and shareholders a basic understanding of the most common company insolvency procedures: liquidation, voluntary administration and receivership.
Australian Taxation Office
Information primarily for Insolvency Practitioners and Professional Advisors.
Fair Entitlements Guarantee (FEG)
Employees who are owed certain employee entitlements after losing their job because their employer went bankrupt or into liquidation may be able to get financial help from the Australian Government.
This help is available through the Fair Entitlements Guarantee (FEG) if their employer went bankrupt or entered liquidation on or after 5 December 2012 or through the General Employee Entitlements and Redundancy Scheme (GEERS) if their employer went bankrupt or entered liquidation before 5 December 2012.
Australian Financial Security Authority (AFSA)
The Australian Financial Security Authority is the government agency responsible for the administration and regulation of the personal insolvency system in Australia. AFSA operates the bankruptcy registry and where debtors petitions are lodged.
Australian Restructuring Insolvency and Turnaround Association (ARITA)
The Australian Restructuring Insolvency & Turnaround Association (ARITA) has developed a range of information sheets designed to assist creditors with understanding insolvency processes.
Further information on company insolvency
Information on personal insolvency (bankruptcy)
AFSA information sheets
The Australian Financial Security Authority (AFSA) and ARITA have jointly developed a resource for creditors on trustee fees.