Lyla Lindsey
If you're looking to find a list of bankrupt companies in Australia, you may want to start by searching the National Personal Insolvency Index (NPII), which is a publicly available electronic record of personal insolvency proceedings in Australia. The NPII is maintained by the Australian Financial Security Authority (AFSA) and contains records of individuals who have been subject to proceedings under the Bankruptcy Act 1966 from August 1928. It's important to note that the NPII does not include information on company liquidations or insolvencies. For data on corporate insolvencies, the Australian Securities & Investments Commission's website may be a more suitable resource. Additionally, the AFSA website provides search tips and guidelines for using the NPII effectively.
| Characteristics | Values |
|---|---|
| Search Term | "List of bankrupt companies in Australia" |
| Relevant Websites | Australian Financial Security Authority (AFSA), Australian Securities & Investments Commission (ASIC), InfoTrack |
| Relevant Databases | National Personal Insolvency Index (NPII), Bankruptcy Register Search (BRS) |
| Search Parameters | Name, date of birth, residential address, occupation, application number, administration number, year, check digit |
| Search Results | AFSA extract from NPII, AFSA results summary extract, bankruptcy extracts, full NPII search |
| Additional Information | NPII does not include records on companies, only individuals; information on company liquidations or administrations can be found on the ASIC website |
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What You'll Learn
National Personal Insolvency Index (NPII)
The National Personal Insolvency Index (NPII) is a database maintained and updated by the Australian Financial Security Authority (AFSA) that contains electronic records of most personal insolvency proceedings in Australia. This includes bankruptcy, debt agreements, and personal insolvency agreements. The NPII does not include records of companies, only individuals.
The NPII is a valuable resource for various stakeholders, including creditors, government agencies, employers, and businesses. It provides information such as the name and other personal details of a debtor or bankrupt individual, the type of administration or proceeding, the trustee or administrator, and the current status of the proceeding. The index is regularly updated, with information generally entered on the same day that the originating document is accepted by the Official Receiver.
To access the NPII, individuals or organisations can utilise services such as InfoTrack or Equifax's Bankruptcy Check. InfoTrack allows users to browse the list and order a full NPII search by entering the person's full name and gender. Equifax's Bankruptcy Check is a credit risk protection tool that searches the NPII to determine if an individual is currently bankrupt, facing bankruptcy proceedings, or has faced bankruptcy in the past.
It is important to note that the NPII is undergoing modernisation to comply with legislative requirements, resulting in the addition of new fields to the search results. These new fields include the commencement date of the earliest act of bankruptcy, the date of filing a statement of joint/partnership affairs, and the finalisation date of the bankruptcy estate administration.
The NPII plays a crucial role in providing public notification of bankruptcy information, enabling stakeholders to make informed decisions and protect their interests.
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Australian Financial Security Authority (AFSA)
The Australian Financial Security Authority (AFSA) is an executive agency in the Attorney-General's portfolio. It is responsible for the administration and regulation of the personal insolvency system, proceeds of crime, trustee services, and the Personal Property Securities Register (PPSR).
AFSA's purpose is to provide improved and equitable financial outcomes for consumers, businesses, and the community. It achieves this by applying bankruptcy and personal property securities law, regulating personal insolvency practitioners, and providing trustee services.
AFSA maintains the National Personal Insolvency Index (NPII), which contains electronic records of personal insolvency proceedings in Australia, including bankruptcy, debt agreements, and personal insolvency agreements. This database does not include records on companies, only individuals.
AFSA also provides a Bankruptcy Register, allowing users to search the NPII for information about an individual's bankruptcy or insolvency. To perform a search, one must simply enter the person's full name and gender. The NPII is updated regularly and contains over 500,000 records dating back to August 1928, recorded against individuals by Australian State and Federal Courts.
AFSA releases monthly provisional personal insolvency statistics, providing insights into the dynamics of Australia's personal insolvency system.
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AFSA Bankruptcy Registry Search
The Australian Financial Security Authority (AFSA) is responsible for the National Personal Insolvency Index (NPII), a database of over 500,000 records. The NPII is a permanent public record of personal insolvency proceedings in Australia, dating back to August 1928.
The Bankruptcy Register Search (BRS) is an online service provided by AFSA that allows users to search the NPII for information about an individual's bankruptcy or insolvency status. It is important to note that the NPII does not include records on companies, only individuals.
To conduct an AFSA Bankruptcy Registry Search, users need to enter the full name and gender of the individual they are searching for. The search will return either a "Match" or "No Match" result. A fee is charged for the search, regardless of the outcome. If there is no match or the match is not the person you are looking for, you can click the "No Match" button to indicate that you have conducted the search.
The BRS can be used by employers, finance lenders, and potential employers to check the bankruptcy or insolvency status of an individual. It is also useful for those who are owed money and want to find out if the person who owes them is in an insolvency administration. Additionally, the BRS can provide information on the commencement date of bankruptcy, the statement of joint/partnership affairs filed, and the finalisation date of the bankruptcy estate administration.
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ASIC Regulatory Portal
The ASIC Regulatory Portal is a platform that allows users to lodge regulatory statements, documents, and transactions. It is a part of the suite of online services provided by the Australian Securities and Investments Commission (ASIC) for various entities, including registered agents and authorised lodgers, auditors, liquidators, and credit licensees and their representatives.
Registered agents and authorised lodgers can utilise the ASIC Regulatory Portal to update their client details, apply for and manage Australian Financial Services (AFS) licences, update AFS licence details, and lodge financial documents. They can also access online services to learn about applying for and managing AFS licences, updating AFS representative details, and registering managed investment schemes using the eLicensing system.
Auditors can use the Regulatory Portal to apply for registration, update their details, submit annual statements, lodge regulatory documents, and access online services to understand ASIC's processes. SMSF auditor registration can also be applied for and maintained through the portal.
Liquidators can update their details, lodge external administration documents, and access online services to understand their obligations. They can also lodge regulatory documents and transactions through the ASIC Regulatory Portal.
Credit licensees and their representatives can access online services to learn about auditor registration and submit annual statements. They can also lodge regulatory documents and transactions through the portal.
Additionally, the ASIC website provides information on how insolvency affects directors, employees, investors, shareholders, and creditors. It also outlines ASIC's role in assisting employees of abandoned companies, including helping them gain access to the Fair Entitlements Guarantee scheme (FEG) and appointing liquidators.
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Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) is responsible for maintaining, facilitating, and improving the performance of the financial system and its entities in Australia. ASIC provides information and steps on how to apply for an Australian Financial Services (AFS) licence. This includes managing and updating AFS licence details, as well as lodging financial documents via the Regulatory Portal. ASIC Connect allows users to appoint, register, update, and cease AFS representative details.
ASIC also provides resources for registered agents and authorised lodgers, offering guidance on updating client details, lodging regulatory statements, documents, and transactions in the Regulatory Portal, as well as cancelling registered agent registration.
Additionally, ASIC offers online services for auditors, including guidance on applying for auditor registration, updating auditor details, and submitting annual statements via the Auditors Portal. Similarly, liquidators can access online services, update their details, and lodge external administration documents via the Liquidator Portal.
ASIC's website provides contact information for general business inquiries, media inquiries, and general inquiries. It also highlights the use of social media platforms to engage with individuals involved in market manipulation activities to disrupt those activities.
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Frequently asked questions
The National Personal Insolvency Index (NPII) provides information about individuals who have been subject to proceedings under the Bankruptcy Act 1966 from August 1928. However, it does not include any information on company liquidations or administrations. Information about corporate (company) insolvencies is available from the Australian Securities & Investments Commission’s website.
The National Personal Insolvency Index (NPII) is a permanent public record of personal insolvency proceedings in Australia. It is maintained and updated by the Australian Financial Security Authority (AFSA) and contains over 500,000 records dating back to August 1928, that have been recorded against individuals by Australian State and Federal Courts.
You can access the NPII by entering the person's full name and gender on the AFSA Bankruptcy Registry Search.
