The Australian Financial Security Authority (AFSA) is a government agency responsible for overseeing personal insolvency and the regulation of bankruptcy in Australia. It manages the administration of bankruptcies, ensuring that the rights of creditors and debtors are protected. AFSA also provides information and support to individuals facing financial difficulties. In addition to bankruptcy management, AFSA plays a role in the regulation of the personal property securities register (PPSR), which helps individuals and businesses secure their interests in personal property. The agency aims to promote financial security and stability within the Australian economy.