News / Debtor’s petition fee abolished by Senate /
Debtor’s petition fee abolished by Senate
26 June 2014
The $120 fee for the lodgement of debtors' petitions is no longer payable as a result of a motion passed by the Australian Senate on Monday, 23 June 2014. This amendment to the bankruptcy process became effective immediately.
The Australian Financial Security Authority (AFSA) has advised that fees received after the close of business on 23 June are eligible to be refunded by AFSA. The speed of processing these refunds will vary depending on the method with which the fees were lodged. However, this change is not retroactive so if fees were paid prior to the close of business on 23 June a refund will not be available.
AFSA has re-drafted the Debtor's Petition Form and this document can now be accessed from the Forms section on their website.
For more information contact:
Paul Lutvey | Partner
t +61 7 3224 0240
f +61 7 3224 0333