The Australian Government is seeking applications from suitably qualified persons for appointment as Chief Executive, Australian Financial Security Authority (AFSA). The Chief Executive will also be appointed to the statutory positions of Inspector\u2011General in Bankruptcy and Registrar of Personal Property Securities.
AFSA administers and regulates the personal insolvency system. AFSA gives effect to the statutory role of the Official Trustee in Bankruptcy under the Bankruptcy Act 1966, the Proceeds of Crime Acts 1987 and 2002, and the Customs Act 1901, and delivers other special trustee services to government agencies. AFSA also maintains the Personal Property Securities Register established under the Personal Property Securities Act 2009. Information about AFSA is available at www.afsa.gov.au.
The key duties of the position include The Chief Executive The Chief Executive heads AFSA. The Chief Executive is supported by the Chief Operating Officer and six National Managers of AFSA's business divisions/teams. Together they form AFSA's National Management Board, which also has one external member.
The Chief Executive is a statutory office holder appointed by the Minister responsible for the agency pursuant to section 67 of the Public Service Act 1999 (Public Service Act).
As agency head, the Chief Executive has powers equivalent to those of the Secretary of a Department in the Australian Public Service. The agency head is accountable to the Government, the Parliament and the public in the same way as the Secretary of a Department.
The Chief Executive has management and accountability responsibilities under the Public Service Act and the Public Governance, Performance and Accountability Act 2013, which include: • directing, coordinating and controlling the operations of AFSA, including determinations of priorities, allocation of work and resources • undertaking or personally supervising the more important matters which fall within the scope of AFSA's operations and advising the Minister, as required, on these matters • representing AFSA in relation to its functional responsibilities.
The Chief Executive will also be appointed as Inspector-General in Bankruptcy and Registrar of Personal Property Securities.
Inspector-General in Bankruptcy The primary statutory functions of the Inspector-General in Bankruptcy are set out in sections 11 and 12 of the Bankruptcy Act 1966 (Bankruptcy Act). The Inspector-General is responsible for the general administration of the Bankruptcy Act and has powers to regulate bankruptcy trustees and debt agreement administrators, review decisions of trustees and investigate allegations of offences under the Bankruptcy Act.
Registrar of Personal Property Securities The Registrar maintains the PPSR in compliance with the PPS Act and associated Regulations. This includes responsibility for ensuring that the PPSR is operational and accessible. The Registrar has various powers in relation to the PPSR such as refusing access to the PPSR or suspending its operation, in certain circumstances; removing or reinstating data on the PPSR; and conducting investigations into matters for the purpose of performing his or her functions.