Australian Financial Security Authority
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Australian Financial Security Authority
The Australian Financial Security Authority (AFSA) is an Australian executive agency part of the portfolio of the Attorney-General that primarily exists to handle bankruptcy Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor ... applications. The agency was formed in 1999 with the passing of the ''Public Service Act 1999,'' succeeding "Insolvency & Trustee Service Australia".{{Cite web, url=https://sacommunity.org/org/203122-Australian_Financial_Security_Authority, title=Australian Financial Security Authority (AFSA) {{! SAcommunity - Connecting Up Australia, website=sacommunity.org, access-date=2020-03-08 References 1999 establishments in Australia Government agencies established in 1999 Commonwealth Government agencies of Australia Finance in Australia Bankruptcy ...
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Australia
Australia, officially the Commonwealth of Australia, is a Sovereign state, sovereign country comprising the mainland of the Australia (continent), Australian continent, the island of Tasmania, and numerous List of islands of Australia, smaller islands. With an area of , Australia is the largest country by area in Oceania and the world's List of countries and dependencies by area, sixth-largest country. Australia is the oldest, flattest, and driest inhabited continent, with the least fertile soils. It is a Megadiverse countries, megadiverse country, and its size gives it a wide variety of landscapes and climates, with Deserts of Australia, deserts in the centre, tropical Forests of Australia, rainforests in the north-east, and List of mountains in Australia, mountain ranges in the south-east. The ancestors of Aboriginal Australians began arriving from south east Asia approximately Early human migrations#Nearby Oceania, 65,000 years ago, during the Last Glacial Period, last i ...
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Barton, Australian Capital Territory
Barton (postcode: 2600) is a suburb of Canberra, Australian Capital Territory, Australia. At the , Barton had a population of 1,946 people. Barton is adjacent to Capital Hill. It contains the Department of Prime Minister and Cabinet, Attorney-General's Department, Department of Foreign Affairs and Trade and several other Commonwealth government departments. On Kings Avenue is the controversial Edmund Barton Building, which was made a heritage listed building in 2005, but its modernist design has often been criticized. The boundary of Barton runs along Telopea Park East in the south east. On the east side it surrounds the East Basin of Lake Burley Griffin. In the north east the boundary is Morshead Drive. The boundary continues along Kings Avenue all the way to State Circle. State Circle forms the boundary with Capital Hill to the west. The boundary then extends along the centre of Sydney Avenue, and finally along New South Wales Crescent back to Telopea Park. History ...
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Attorney-General's Department (Australia)
The Attorney-General's Department is a department of the federal government of Australia responsible for law and justice, and since 29 May 2019, industrial relations. The head of the department is the Secretary of the Attorney-General's Department, currently Katherine Jones , who reports to the Attorney-General for Australia, currently Mark Dreyfus. History The Attorney-General's Department is one of seven original Commonwealth Departments of state, commencing with the Commonwealth of Australia on 1 January 1901. It is one of only three departments, along with Defence and Treasury, to have operated continuously under their original name and charter since Federation. Organisation The department is organised into five groups, each headed by a Deputy Secretary. These Deputy Secretaries report to the Secretary who co-ordinates and devises departmental structure and policy. These five groups are: * Australian Government Solicitor * Legal services and Families * Integrity and Inter ...
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Executive Agency
An executive agency is a part of a government department that is treated as managerially and budgetarily separate, to carry out some part of the executive functions of the United Kingdom government, Scottish Government, Welsh Government or Northern Ireland Executive. Executive agencies are "machinery of government" devices distinct both from non-ministerial government departments and Non-departmental public body, non-departmental public bodies (or "quangos"), each of which enjoy legal and constitutional separation from ministerial control. The model has been applied in several other countries. Size and scope Agencies include well-known organisations such as His Majesty's Prison Service and the Driver and Vehicle Licensing Agency. The annual budget for each agency, allocated by HM Treasury, ranges from a few million pounds for the smallest agencies to £700m for the His Majesty's Courts and Tribunals Service, Court Service. Virtually all government departments have at least one ...
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Attorney-General For Australia
The Attorney-GeneralThe title is officially "Attorney-General". For the purposes of distinguishing the office from other attorneys-general, and in accordance with usual practice in the United Kingdom and other common law jurisdictions, the Australian Attorney-General uses the term "Attorney-General for Australia" or the "Commonwealth Attorney-General": seAttorney-General website Historically, "Attorney-General of Australia" was also used. for Australia is the First Law Officer of the Crown in right of the Commonwealth of Australia, chief law officer of the Commonwealth of Australia and a minister of state. The attorney-general is usually a member of the Federal Cabinet, but need not be. Under the Constitution, they are appointed by the Governor-General on the advice of the Prime Minister, and serve at the Governor-General's pleasure. In practice, the attorney-general is a party politician and their tenure is determined by political factors. By convention, but not constitutional ...
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Bankruptcy
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankrupt is not the only legal status that an insolvent person may have, and the term ''bankruptcy'' is therefore not a synonym for insolvency. Etymology The word ''bankruptcy'' is derived from Italian ''banca rotta'', literally meaning "broken bank". The term is often described as having originated in renaissance Italy, where there allegedly existed the tradition of smashing a banker's bench if he defaulted on payment so that the public could see that the banker, the owner of the bench, was no longer in a condition to continue his business, although some dismiss this as a false etymology. History In Ancient Greece, bankruptcy did not exist. If a man owed and he could not pay, he and his wife, children or servants were forced into " ...
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1999 Establishments In Australia
File:1999 Events Collage.png, From left, clockwise: The Death and state funeral of King Hussein, funeral procession of King Hussein of Jordan in Amman; the 1999 İzmit earthquake kills over 17,000 people in Turkey; the Columbine High School massacre, one of the first major List of school shootings in the United States by death toll, school shootings in the United States; the Year 2000 problem ("Y2K"), perceived as a major concern in the lead-up to the year 2000; the Millennium Dome opens in London; online music downloading platform Napster is launched, soon a source of Online piracy, online piracy; NASA loses both the Mars Climate Orbiter and the Mars Polar Lander; a destroyed t-55, T-55 tank near Prizren during the Kosovo War., 300x300px, thumb rect 0 0 200 200 Death and state funeral of King Hussein rect 200 0 400 200 1999 İzmit earthquake rect 400 0 600 200 Columbine High School massacre rect 0 200 300 400 Kosovo War rect 300 200 600 400 Year 2000 problem rect 0 400 200 600 Mars ...
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Government Agencies Established In 1999
A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a means by which organizational policies are enforced, as well as a mechanism for determining policy. In many countries, the government has a kind of constitution, a statement of its governing principles and philosophy. While all types of organizations have governance, the term ''government'' is often used more specifically to refer to the approximately 200 independent national governments and subsidiary organizations. The major types of political systems in the modern era are democracies, monarchies, and authoritarian and totalitarian regimes. Historically prevalent forms of government include monarchy, aristocracy, timocracy, oligarchy, democracy, theocracy, and tyranny. These forms are not always mutually exclusive, and mixed governme ...
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Commonwealth Government Agencies Of Australia
A commonwealth is a traditional English term for a political community founded for the common good. Historically, it has been synonymous with "republic". The noun "commonwealth", meaning "public welfare, general good or advantage", dates from the 15th century. Originally a phrase (the common-wealth or the common wealth – echoed in the modern synonym "public wealth"), it comes from the old meaning of "wealth", which is "well-being", and is itself a loose translation of the Latin res publica (republic). The term literally meant "common well-being". In the 17th century, the definition of "commonwealth" expanded from its original sense of "public welfare" or "commonweal" to mean "a state in which the supreme power is vested in the people; a republic or democratic state". The term evolved to become a title to a number of political entities. Three countries – Australia, the Bahamas, and Dominica – have the official title "Commonwealth", as do four U.S. states and two U.S. territo ...
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Finance In Australia
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assessmen ...
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