The Australian Financial Security Authority (AFSA) has revised its process for handling complaints about the conduct of bankruptcy trustees. Key changes include:
- a change to the Privacy Act 1988 (Cth.) allowing complainants to remain anonymous or provide a pseudonym under Australian Privacy Principle 2; and
- complaint management standards required by professional bodies, including:
- Certified Practicing Accountants Australia (CPA)
- Institute of Chartered Accountants Australia (ICAA)
- Institute of Public Accountants (IPA)
- Accounting Professional and Ethical Standards Board (APESB)
- Australian Restructuring Insolvency & Turnaround Association (ARITA), and
- Personal Insolvency Professionals Association (PIPA).
For more information see Inspector-General Practice Statement IGPS 10, here.