18 August 2020
The Commonwealth bankruptcy law must provide a fair and orderly process for dealing with the financial affairs of insolvent individuals while preserving the rights of creditors to facilitate the efficient recovery of property. AFIA supports an increase to the current bankruptcy threshold of $5000.
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Australian Finance Industry Association Limited [AFIA]
ABN 13 000 493 907 L11 130 Pitt Street Sydney NSW 2000
