Credit Counsellors Australasia

Improvements to the operation of debt agreements under Part IX where mooted in the Bankruptcy Legislation Amendment (Debt Agreement) Bill 2007, Explanatory Memorandum, stating the objects of the Bill as to:
(a) provide for enhanced regulation of debt agreement administrators;
(b) specify the duties of a debt agreement administrator;
(c) encourage creditors to make decisions based on the [...]

In a paper published jointly by Consumer Credit Legal Service Inc and Eastern Access Community Health, November 2005 the authors are scathing not only of the process of Part IX in general but also of both administrators and brokers. As to administrators the paper states:

“the debt agreement administrator can charge fees ‘up front’ and as [...]