Australian Financial Security Authority | Government organisation

Australian Financial Security Authority

Phone: +61 1300 364 785

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25.01.2022 Are you upgrading your car to tow your new caravan? Buying a used car privately comes with risk and a search on the PPSR can help you check if the car is debt free, stolen, written off or subject to the Takata airbag recall. A PPSR search costs $2 and is a service provided by the Australian Government.... Visit ppsr.gov.au

25.01.2022 Myth: I'll lose everything I own if I become bankrupt. Fact: You will lose some types of assets, such as houses and shares - but you may keep other assets such as cars and tools, if they're under a set value. https://bit.ly/2v9KomY

21.01.2022 If youre struggling with unmanageable debts and its causing you financial stress, its important to act quickly. A good first step is to ask for help. Whether youve run into money troubles due to unemployment, illness, a business or taking on too much debt there is help available. Financial counsellors offer free, independent and confidential services to help you get back on track.... For more information on financial counsellors and other support services see https://www.afsa.gov.au/i/cant-pay-my-debts/where-find-help.

21.01.2022 How to navigate your way through debt and financial hardship

20.01.2022 If you are facing financial hardship due to the economic impacts of the Coronavirus, you may be eligible for six months Temporary Debt Protection. Temporary Debt Protection is just one of the temporary changes introduced by the Australian Government to support people who are facing bankruptcy. To find out more, visit www.afsa.gov.au/debtrelief.

20.01.2022 What happens to your superannuation if you become bankrupt? It depends on when and how you receive super. You must inform your trustee if you receive any super before and/or after your bankruptcy begins. Super payments, and assets you purchase with those funds, you receive before bankruptcy can be claimed by your trustee.... Super payments you receive during or after bankruptcy are not claimable by your trustee if it is a lump sum payment. For more information visit our website https://bit.ly/2XXjKuQ

17.01.2022 What actually happens when someone contacts the National Debt Helpline? This video explains the process of reaching out and how our financial counsellors support people to manage their debts.

16.01.2022 AFSA has been made aware of a scam email appearing on our letterhead with a copied signature of a senior AFSA employee. The scam email with the subject line (AFSA) Stop Order requests a USD $34,740 clearance fee be paid within four working days. If you are bankrupt, or have been in the past, AFSA may write to you to request various payments. It is very unlikely that we would ever ask that you make those payments in US dollars, and we would never ask that you make payment...s via gift cards. If you are unsure if you have received a scam email or letter, contact AFSA on 1300 364 785. You should also visit the Australian Governments ScamWatch website at scamwatch.gov.au For more information on this scam visit https://www.afsa.gov.au//scam-warning-fake-afsa-stop-order

15.01.2022 The ATO has issued an important alert about myGov scam activity.

15.01.2022 Buying a used car? Was it written off? Check the Personal Property Securities Register (or PPSR for short) to make sure it hasn't been written off. Cars that have been written off can be hard to insure, or damaged and dangerous. ... Visit www.ppsr.gov.au

14.01.2022 Financial counsellors providing free, independent and confidential advice can be reached via the National Debt Helpline (NDH) on 1800 007 007. Nearly one million Australians have sought advice from the NDH since 2011. For more information visit their website at ndh.org.au where you can access the COVID-19 Financial Survival Guide outlining steps people can take during the pandemic and beyond. ... Visit www.ndh.org.au for more details.

11.01.2022 How can you be made bankrupt? People can choose to apply for voluntary bankruptcy, but you can also be made involuntarily bankrupt if someone you owe money to (a creditor) applies to the court. For instance, Maria used to own a restaurant in Townsville, Queensland. The restaurant failed and Maria owed debts to a number of suppliers.... She owed $25,000 to District Food Supplies, who took Maria to Court. The Federal Circuit Court made a sequestration order against Maria which meant she became bankrupt. For more details on sequestration orders, visit https://www.afsa.gov.au//cur/creditor-has-made-me-bankrupt

11.01.2022 Are you buying a used caravan for your next holiday? Doing a PPSR search on the caravan will tell you if it is debt free, stolen or written off. A PPSR search costs $2 and is a service provided by the Australian Government.... Visit ppsr.gov.au

09.01.2022 When buying a used car, it can sometimes be hiding secrets. A $2 search of the #PPSR just before you buy can tell you if the vehicle is safe from possible repossession, or has been reported as written-off or stolen. You can conduct a search here https://www.ppsr.gov.au/how-quick-motor-vehicle-search and have the information at your fingertips within minutes.

09.01.2022 The new www.ppsr.gov.au site is here. We redeveloped the website to make it easier to find information and use our service. As well as improving the design and structure of the site, we have rewritten content to improve accessibility and deliver simpler, clearer and faster government services.... Check it out if you have any feedback, use the form at the bottom of all website pages.

09.01.2022 Julia is a small business owner who runs a café. The café has been hit hard by the economic impact of the coronavirus. Most of Julias creditors have been supportive and negotiated new payment terms with her. However, one creditor didnt and instead obtained a court judgement against her. Julia contacted the National Debt Helpline for free financial counselling.... Julia then contacted AFSA and applied for Temporary Debt Protection. This stopped the creditor from enforcing the judgement meaning her assets werent seized for a period of six months. Julia used the extra time during the temporary debt protection period to restructure her finances and enter into an affordable repayment plan with the creditor. Find out more about Temporary Debt Protection and Julias story here. https://www.afsa.gov.au//what-temporary-debt-protection-td

08.01.2022 Having a car stolen is stressful, inconvenient, and costly. Offenders often sneak into homes through unlocked doors and windows to access car keys. Follow some... simple steps to safeguard your keys POP keys out of sight. LOCK all doors and windows and ensure everyone in your home is doing the same. STOP sneak theft. In partnership with Victoria Police, the NMVTRC launches the new Pop. Lock. Stop campaign. For more information visit https://carsafe.com.au/pop-lock-stop

06.01.2022 One of the first steps you can take if youre in financial difficulty is to contact a financial counsellor. The National Debt Helpline is a not-for-profit organisation providing free financial counselling. Their financial counsellors offer independent and confidential services to help you get back on track and discuss your options for dealing with unmanageable debt. To speak with a financial counsellor contact the National Debt Helpline on 1800 007 007 from 9:30am to 4:30pm ...Monday to Friday. You can also visit our website for more resources: www.afsa.gov.au/cant-pay-my-debts

06.01.2022 Have you heard of the PPSR? Its a real handy tool to use when looking to buy a second-hand vehicle and helping to discover secrets that may not be obvious. A $2 PPSR search can tell you if a vehicle has money owing on it, if it is stolen, if it has been written off, or if it is subject to an airbag recall. See the video below for more details and visit www.ppsr.gov.au to conduct your search.

05.01.2022 We are the Australian Financial Security Authority, or AFSA for short. Our Facebook account will share important and useful information to help individuals and small businesses better understand the personal insolvency system and the Personal Property Securities Register. If you are looking for information about personal insolvency, visit our website afsa.gov.au To find out more about the Personal Property Securities Register, or to make a registration or do a used-car search..., visit ppsr.gov.au. And you can call us between 8.30am and 8.30pm (AEST) Monday to Friday on 1300 364 785.

05.01.2022 Many people have deferred their bank home loans for six months, but these deferrals are soon coming to an end and some people may feel worried that they won't b...e able to pay. There is help available. Speak to your bank about getting assistance or, if you need further help, call us on 1800 007 007 or visit ndh.org.au.

04.01.2022 Mental health challenges can make it harder to get on top of our finances and often leads to increased financial stress. Yet talking about money can feel taboo, making it even more difficult for people to share what they may be going through and seek support. We know taking control of our money can have positive flow on effects into other areas of our lives.... If money is on your mind, its never too early or too late to seek support. For more information about the Money on Your Mind program and how to seek support, visit https://www.beyondblue.org.au//staying/financial-wellbeing For free financial counselling call the National Debt Helpline on 1800 007 007. The free Coronavirus Mental Wellbeing Support Service is available 24/7 at coronavirus.beyondblue.org.au or by calling 1800 512 348.

03.01.2022 To help you navigate bankruptcy during these challenging times, we have improved the online application process. We’ve made it much simpler, while providing the information you need to ensure you understand what’s involved in the process. There is information about alternative solutions and how the consequences of bankruptcy may affect you. For more information visit afsa.gov.au/bankruptcyonline

02.01.2022 Untrustworthy advisors take advantage of people who are financially vulnerable and encourage them to do things which are illegal, unhelpful, damaging and not in their best interest. People who find themselves dealing with large debts for the first time as a result of COVID-19 may be tempted to turn to advisors who have a quick fix. For information on how to avoid dodgy advice, visit afsa.gov.au/advice

02.01.2022 What happens to your car when you enter bankruptcy? You can keep a car under a certain value. When working out the value of the vehicle, its the net value after taking away any amounts owed to secured creditors.... If you purchased your vehicle using finance you generally have to keep paying the creditor otherwise they may repossess the vehicle. More info https://www.afsa.gov.au//cant-pay-/what-happens-my-vehicle

01.01.2022 The Commonwealth Government has announced an extension to temporary debt relief measures, designed to support people facing bankruptcy due to the economic impacts of COVID-19. Measures introduced in March 2020 have now been extended to 31 December 2020 and include increases to: minimum amount of debt that can trigger bankruptcy from $5,000 to $20,000... amount of time an individual has to respond to a Bankruptcy Notice from 21 days to six months temporary debt protection period people can apply for six months relief from creditors, an increase from 21 days. For more details visit: www.afsa.gov.au/debtrelief