Australian Financial Security Authority (AFSA)

The Australian Financial Security Authority (AFSA) is a government agency responsible for overseeing personal insolvency and bankruptcy processes in Australia. It manages systems such as bankruptcy, debt agreements, and personal insolvency agreements, ensuring these processes are fair and transparent. AFSA also maintains records related to insolvency cases and provides information and support to individuals, creditors, and professionals involved in insolvency matters. Its role helps facilitate financial recovery for individuals while protecting the rights of creditors and maintaining confidence in Australia’s financial system.