Australian Financial Security Authority

The Australian Financial Security Authority (AFSA) is a government agency responsible for managing and overseeing personal insolvency processes in Australia, such as bankruptcy and debt agreements. Its role includes administering these processes, providing guidance to individuals and creditors, and maintaining public registers of insolvency cases. AFSA aims to help people resolve their debts fairly while balancing creditors' rights, promoting financial stability and responsible borrowing. Essentially, it functions as the central body ensuring that personal insolvency laws are correctly applied and that affected parties receive appropriate support and information.