The Federal Court and Federal Magistrates Service are the two primary Courts that have jurisdiction in matters associated with the Bankruptcy Act, 1966. Forms needed to be filed, associated fees and Federal Court Rules can all be obtained from going to the following two web addresses.

Federal Court
Federal Magistrates Court

The Australian Securities and Investment Commission ("ASIC") is the government agency that has carriage for the Corporations Law including corporate insolvency.

ASIC

FIDO is the consumer website of the Australian Securities and Investments Commission (ASIC). FIDO provides free and unbiased financial information, online calculators and tips to help consumers make well informed financial decisions.

FIDO

The Insolvency Practitioners Association (IPA) represents professionals who specialise in the field of insolvency. ITSA and the IPA developed a set of standards for practitioners working in the field of personal insolvency called Personal Insolvency National Standards ("PINS"). These standards were the basis for the introduction of Standards for Registered Trustees and Controlling Trustees through the Bankruptcy Regulations from 1 December 2004, more particularly described in Bankruptcy Regulation 8.34A, Schedule 4A and have superseded the PINS.

IPA

Employees who have lost their job and entitlements due to their employer becoming bankrupt may be eligible for assistance under the General Employee Entitlements and Redundancy Scheme (GEERS) administered by the Department of Employment and Workplace Relations.

Certain decisions made by the Inspector General in Bankruptcy and the Official Receiver in connection with personal insolvency proceedings can be reviewed by the Administrative Appeals Tribunal (AAT). A list of the decisions that can be reviewed by the AAT is available here. ITSA’s publication “Can I Appeal?: Review and appeal of trustee and administrator decisions" also provides you with some useful information about what you can do where you are aggrieved by a trustee’s or administrator’s decision.

Administrative Appeals Tribunal (AAT)

The Understanding Money campaign aims to kick start change in attitudes to money issues and ultimately, equip people to ask the right questions and make better financial choices. It’s true – a few simple things done regularly can make a real difference...

• Prepare a budget plan -
  work out how much you earn and what you spend it on, to help you see where you could make changes.
• Set some financial goals -
  they don’t have to be big, but they’ll help you see what you could gain by being better with your money.
• Get into the savings habit -
  once you’ve set some goals, try to save regularly and as much as you can to meet your goals.