Bankruptcy Amendment (Debt Agreement Reform) Regulations 2019 (F2019L00592)

Schedule 1   Amendments

Bankruptcy Regulations 1996

2   Regulation 9.02

Repeal the regulation, substitute:

9.02 Qualifications for approval of application to be registered as debt agreement administrator

For the purposes of paragraph 186C(2)(e) of the Act, the qualifications are any of the following:

(a) any of the following awarded by an Australian tertiary education institution:

(i) a Certificate IV in Financial Services (Accounting) awarded for study starting between 10 July 2004 and 23 November 2010;

(ii) a Certificate IV in Accounting awarded for study starting between 24 November 2010 and 12 February 2018;

(iii) a Certificate IV in Accounting and Bookkeeping awarded for study starting on or after 13 February 2018;

(b) a degree, diploma or similar qualification for which the following conditions are met:

(i) it is of a level equivalent to or higher than the qualification mentioned in paragraph (a);

(ii) the study for it included the same or similar subject matter as the study for the qualification mentioned in paragraph (a);

(iii) it was awarded by an Australian tertiary education institution;

(c) a degree, diploma or similar qualification awarded by a foreign tertiary education institution and for which the Inspector-General is satisfied the following conditions are met:

(i) it is of a level equivalent to or higher than the qualification mentioned in paragraph (a);

(ii) the study for it included the same or similar subject matter as the study for the qualification mentioned in paragraph (a);

(d) membership of either of the following bodies:

(i) Chartered Accountants Australia and New Zealand;

(ii) CPA Australia Ltd.