On 24 July 1928 the Governor-General in Council appointed William Harrington Palmer and Charles Fairfax Waterloo Lloyd to be Official Receivers in the Bankruptcy District of New South Wales, effective from 1 August 1928 (Commonwealth of Australia Gazette No. 72 [of] 25 July 1928, p. 2205).The Bankruptcy Act 1924 (Commonwealth of Australia Acts No. 37 of 1924) transferred responsibility for legislation relating to bankruptcies from the States to the Commonwealth and established a Federal Court of Bankruptcy in Sydney and Melbourne, sitting periodically in other state capitals.The Duties of the Official Receiver were to investigate the conduct, property and transactions of bankrupts under the direction of the Court.The functions of the Official Receiver include the administering of bankruptcies under the statutory requirements of the Bankruptcy Act 1966. The Official Receiver is also responsible for the role of trustee of the estates of bankrupts and deceased persons.The Bankruptcy Amendment Act of 1980, established a body under the name of the Official Trustee in Bankruptcy which replaced the Official Receiver in Bankruptcy. The Regional Office continued to be known as the Official Receiver's Office under the direction of an Official Trustee in Bankruptcy.The Administrative Arrangements Orders of 22 December 1975 (Australian Government Gazette No. 262 of 22 December 1975) transferred the administration of most bankruptcy legislation from the Attorney-General's Department (CA 5) to the newly created Department of Business and Consumer Affairs (CA 1951) The Administrative Arrangements orders of 7 May 1982 restored the Official Receiver's Office to the control of the Attorney-General's Department.In a Media Release dated 27 July 1990 Senator Tate announced thatthe Attorney-General's Department, bankruptcy administration, previously known as the Bankruptcy Division, had changed its name from 1 July 1990 to the Insolvency and Trustee Service, Australia (ITSA). The new name more accurately reflects the wider services now provided by the organisation, for example in the area of controlling and realising assets under the proceeds of crime legislation.The main aims of these changes were to reduce the cost of bankruptcy administration to the public purse as much as possible while utilising its resources more effectively in pursuit of social objectives, such as reducing the incidence of insolvency wherever possible.From 16 December 1996 the responsibilities for bankruptcy administration moved from the Federal Court to ITSA.

Previous agency title

Bankruptcy Branch, New South Wales and Australian Capital Territory - Official Receiver/ (from 1990) Insolvency and Trustee Service, Australia (ITSA), Official Receiver, New South Wales and Australian Capital Territory. The Agency Name was changed to the Australian Financial Security Authority on 15 August 2013 [Source https://www.afsa.gov.au/about-us/introduction-to-us/itsa-has-a-new-name accessed 20/1/2014]

by1936-by1953: Commonwealth Bank Building, Martin Place, Sydney by1953-by1980: Philip House, 119 Philip Street, Sydney by1980-  1991: St James Centre, 111 Elizabeth Street, Sydney  1991-      : 10th Floor, 255 Elizabeth Street, Sydney

Bankruptcy Act, 1924-1927