Australian Financial Security Authority (AFSA)

More than 3.4 million searches were made on the Personal Property Securities Register (PPSR) during the June quarter 2024. This is an increase of 6.6% from the June quarter 2023. During the same period, there was also an increase in new registrations to 574,679, up 2.9% from the June quarter 2023. As of 30 June 2024, there were more than 10.4 million current registrations on the PPSR. The PPSR provides protection for individuals and businesses enabling them to register their assets. It is also where you can check the status of secondhand goods such as machinery or cars to make sure they do not have any outstanding loans or security interests before you buy.    More information about our quarterly statistics is available on our website: https://lnkd.in/g36BVWnG    #AFSA #PersonalPropertySecuritiesRegister #PPSR  

Personal insolvency statistics for the June quarter 2024 are now available. Figures show personal insolvencies across Australia have increased, with 2,947 new personal insolvencies in the 3-month period to June 2024. This is up from 2,705 in June 2023.  Of the June quarter 2024 personal insolvencies, just over 25% (793) were business-related. Australians experiencing financial difficulty are encouraged to seek help early from trusted sources. More information about our quarterly statistics is available on our website: https://lnkd.in/gHHNJEjp    #AFSA #PersonalInsolvency  

🌈 To kick off our Pride month celebrations, we welcomed guest speaker Budi Sudarto for an informative session for staff about ‘Intersectionality and the LGBTQIA+ communities: opportunities and enablers.’ Budi is the founder and director of Ananda Training & Consultancy and Consultancy, a boutique agency specialising in intersectionality, equity, and justice.  Budi gave us a presentation that sparked conversation and provided food for thought about the intersectional nature of marginalisation, and how it impacts our power and privilege. Thanks Budi for sharing your experiences with us!  #PrideMonth #Diversity #Inclusion 

We are proud to be celebrating Pride Month during August! 🌈 Diversity and inclusion are a core pillar of our culture. We’re committed to building and enabling an environment where we embrace and celebrate our staff’s diverse range of experiences, perspectives and skills.  We celebrate Pride Month in August to commemorate the anniversary of the formation of our pride network, Kaleidoscope.  A range of activities are being held for staff this month to help us broaden our understanding of diversity and our ability to serve the Australian community more effectively.  #PrideMonth #Diversity #Inclusion

The latest Australian Bureau of Statistics Consumer Price Index (CPI) figures have been released. In bankruptcy law, as some dollar amounts are indexed to the CPI, the updated figures can now be found on our website: https://lnkd.in/g-9-KTXa #AFSA #ABS 

Personal insolvencies dropped in June 2024 to 851, down from 1,049 in May 2024 according to new provisional personal insolvency statistics released today. Of those, 223 were business-related. The most common industries where an individual worked were:  * construction  * health care and social assistance.    For more information about our monthly statistics, visit our website: https://lnkd.in/gk9EYKmq #AFSA #PersonalInsolvency 

We recently welcomed Ajay Satyan PSM, Chief Information Officer at the National Disability Insurance Agency for the latest instalment of our Leadership in Tech conversation series – hosted by our Chief Operating Officer Jennifer Dobell and Infrastructure Services Director David Cooper. Ajay shared his insights on the importance of #DigitalInnovation and transforming the customer experience, and provided much food for thought on: 🤖 The future of #ArtificialIntelligence 💻 The role of tech during natural disasters and the pandemic 🤝 How people are interacting with government now and into the future Our Leadership in Tech conversation series connects our people with tech leaders from all levels of government. A big thank you to Ajay for joining us and sharing your incredible and interesting insights. #Leadership #AI #CX

This NAIDOC Week AFSA celebrates the history, culture and achievements of Aboriginal and Torres Strait Islander peoples. We started the week with the relaunch of our Indigenous network now known as ‘Gugurmin’, the Wiradjuri word for ‘emu in the sky’. The network will help us embed reconciliation in our culture.   We were also privileged to hear from Wiradjuri woman and astrophysicist Dr Kirsten Banks, who provided Indigenous insights and stories about stars, constellations and the Milky Way. This included an explanation of Gugurmin, one of the most famous dark constellations in the sky. At AFSA, we are encouraged to keep standing tall, to listen and learn more about the heritage of the world’s oldest continuous living culture and engage in meaningful dialogue. #NAIDOCWeek #BlakLoudProud 📷: Angel Lopez-Sanchez

Consultation on the introduction of a Minimal Asset Procedure in Australia is open for submissions. A Minimal Asset Procedure would clear a person’s debts and allow access to a fresh start sooner than a bankruptcy, where that person has no other way to pay. Importantly, it should also leave creditors no worse off – meaning Australia’s personal insolvency system remains fair and balanced. Have your say! To access the discussion paper and make submissions visit https://lnkd.in/gpun2X2Z   Submissions close on 29 July 2024. If you have questions about the consultation process, email the Attorney-General’s Department at bankruptcy@ag.gov.au

More than 3 million searches were made on the Personal Property Securities Register (PPSR) during the March quarter 2024. This is up 2.6% from the March quarter 2023.    Statistics show the most common search was for motor vehicles by serial number, which accounted for 55.1% of all searches.     During the same period, there were more than:  - 521,600 new registrations   - 333,000 amendments to registrations.    The PPSR provides protection for individuals and businesses enabling them to register their assets. It is also where you can check the status of secondhand goods such as machinery or cars to make sure they don’t have any outstanding loans or security interests before you buy.    More information about our quarterly statistics and the PPSR is available on our website: https://lnkd.in/g36BVWnG #AFSA #PersonalPropertySecuritiesRegister #PPSR