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The documents accessed through this webpage are ITSA’s current policies and practices outlining how ITSA exercises its powers and performs its functions; and regulatory practice statements which provide direction and guidance to regulated entities, outlining ITSA’s expectations on how legislation should be interpreted.
#1 These draft IGPDs/IGPS' relate to all practitioners so feedback is invited from trustees as well as administrators. Inspector-General Practice Statements (IGPS) These documents give guidance to regulated entities by explaining when and how the Inspector-General in Bankruptcy will exercise specific powers under the Bankruptcy Act, describing the principles underlying the Inspector-General’s approach and the Inspector-General’s expectation of practitioners. Inspector-General Practice Directions (IGPD) These documents are to assist regulated entities by explaining how the law should be interpreted, giving both guidance and direction on specific insolvency practice. Official Receiver Practice Statements (ORPS) The Official Receiver Practice Statements describe the way ITSA performs functions and exercises powers conferred on the Official Receiver under the Bankruptcy Act and related legislation. Debt Agreement Practice Statements (DAPS) The Debt Agreement Practice Statements describe the way ITSA performs functions and exercises powers conferred on the Official Receiver under the Bankruptcy Act and related legislation including powers in relation to debt agreements. Official Trustee Practice Statements (OTPS) The Official Trustee statements describe how ITSA carries out its trustee duties under the Bankruptcy Act and how decisions are made in the administration of bankrupt estates. Inspector-General Practice Statements (IGPS) These documents give guidance to regulated entities by explaining when and how the Inspector-General in Bankruptcy will exercise specific powers under the Bankruptcy Act, describing the principles underlying the Inspector-General’s approach and the Inspector-General’s expectation of practitioners. These statements and directions will be regularly reviewed and updated to reflect changes in the law or to our organisational structure, policies or procedures as required. Some of the statements are under development and indicative release dates are shown in the schedule below. If you have any comments, suggestions or queries on a matter referred to in these Practice Statements, please contact us at any time by email at br.qld@itsa.gov.au or by mail addressed to: Practice Manager – Bankruptcy Regulation branch Insolvency & Trustee Service Australia PO Box 10443 ADELAIDE STREET BRISBANE QLD 4000 ^Top of Page
Inspector-General Practice Directions (IGPD) These documents are to assist regulated entities by explaining how the law should be interpreted, giving both guidance and direction on specific insolvency practice. These statements and directions will be regularly reviewed and updated to reflect changes in the law or to our organisational structure, policies or procedures as required. Some of the statements are under development and indicative release dates are shown in the schedule below. If you have any comments, suggestions or queries on a matter referred to in these Practice Statements, please contact us at any time by email at br.qld@itsa.gov.au or by mail addressed to: Practice Manager – Bankruptcy Regulation branch Insolvency & Trustee Service Australia PO Box 10443 ADELAIDE STREET BRISBANE QLD 4000 ^Top of Page
1 Superceded by IGPD 14 effective 30 March 2010 Official Receiver Practice Statements (ORPS) The Official Receiver Practice Statements will be regularly reviewed and updated to reflect changes in the law or to our organisational structure, policies or procedures as required. Some of the statements are under development and indicative release dates are shown in the schedule below. If you have any comments, suggestions or queries on a matter referred to in the Bankruptcy Registry Practice Statements, please contact us at any time by email at jerry.white@itsa.gov.au or by mail addressed to: Business Manager – Information Registry Insolvency & Trustee Service Australia GPO Box H536 PERTH WA 6841
Debt Agreement Practice Statements (DAPS) The Debt Agreement Practice Statements will be regularly reviewed and updated to reflect changes in the law or to our organisational structure, policies or procedures as required. If you have any comments, suggestions or queries on a matter referred to in the Debt Agreement Practice Statements, please contact us at any time by email at andrew.robinson@itsa.gov.au or by mail addressed to: National Manager – Debt Agreement Service Insolvency & Trustee Service Australia PO Box 10443 Adelaide Street BRISBANE QLD 4000 ^Top of Page
Official Trustee Practice Statements (OTPS) The Official Trustee’s Practice Statements describe the way in which the Official Trustee approaches the administration of bankrupt estates and other arrangements under the Bankruptcy Act. These Statements are not issued as directions or instructions to trustees on how matters should be administered. They are intended to provide an indication to debtors and creditors of what they should expect from the Official Trustee. Further practice statements will be published as they are developed. If you have any comments or questions on a matter referred to in these Practice Statements, please contact ITSA at any time by email to cheryl.cullen@itsa.gov.au or by post addressed to: National Manager Trustee Services Insolvency & Trustee Service Australia GPO Box 2851 MELBOURNE VIC 3001
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