ARITA offers a series of 10 Essential Skills courses that focus on a range of practical corporate insolvency issues.
Each course will delve in-depth into particular aspects of corporate insolvency administrations, providing participants with valuable skills and understanding to implement back in the workplace.
The series is aimed at practitioners in the first four years of their career who need to establish their insolvency skills - this is an excellent opportunity for them to continue their education between the Introduction to Insolvency Program (IIP) and ARITA Advanced Certification.
Please note: a minimum of 12 months experience or the Introduction to Insolvency Program is recommended before undertaking the Essential Skills series.
*** These courses have been updated for the ILRA in 2017 ***
Where and when are the courses being offered?
Course topics, learning objectives and registration
Who should attend?
Courses will be offered in Sydney, Melbourne, Brisbane, Adelaide, Perth and via an electronic classroom to cater for students based outside the major capital cities.
Each course will run for approximately 2 hours. The duration of a course depends on the level of questions and discussion.
In each location we will offer the training once a month, generally at the same time of the month. Subject to demand, more than one option may be offered in some locations.
Actual dates for each topic appear in the table below.
Online - available only for students based outside the major capital cities in 2017 (real time training, including group exercises and interaction with the trainer)
Each registration for courses offered via electronic classrooms are for single viewer users only. Exhibition of this training to groups is strictly prohibited and in violation of our terms to service. In addition to this, please be aware that the online sessions are only available to those who are located in remote areas.
| || Course topic ||Learning objectives || Register |
Employee issues - Part 1
To gain a working knowledge of the effect of the different insolvency appointments on employment contracts, the priority of employee entitlements in the different insolvency appointments, including complex situations involving concurrent appointments, which appointee is responsible for payment of entitlements, and the financial assistance provided by FEG.
|2018 dates will be available in November 2017 |
Employee issues - Part 2
To gain a working knowledge of a range of practical employee issues that arise in insolvency appointments including identifying employees; calculating an employee’s claim including redundancy, PILN and LSL; apportionment of entitlements to pre and post appointment employment periods; an introduction to the National Employment Standards (NES), awards and contractual agreements; key elements of a redundancy plan; organising documentation and taxing entitlements.
|Brisb - 28 March (8am-10am) |
Adel - 28 March (4pm-6pm)
Preparing financial data for insolvency appointments
To gain a working knowledge of how to prepare key financial data in the context of an insolvency appointment, including deficiency statements, trading and cash flow forecasts, receipts and payments accounts and position and outcome statements.
|Syd - 1 May (4pm-6pm) |
Melb - 3 May (4pm-6pm)
Brisb - 2 May (8am-10am)
Adel - 2 May (4pm-6pm)
Perth - 2 May (8am-10am)
Online (regional areas only) - 27 April (12-2pm AEST)
To gain a working knowledge of key aspects of trading the business including trade on strategies; implementing trading controls; managing suppliers and contracts; principals of cash flow forecasts and position statements and utilising this information in the decision making process.
Please note that the theory of preparing of cash flow forecasts and position statements is covered in the April course.
|Syd - 22 May (4pm-6pm) |
Melb - 24 May (4pm-6pm)
Brisb - 30 May (8am-10am)
Adel - 30 May (4pm-6pm)
Perth - 24 May (8am-10am)
Online (regional areas only) - 25 May (12-2pm AEST)
To gain a working knowledge of dealing with various facets of creditors’ meetings including convening the meeting, meeting preparation (including the venue and event management), conduct the meeting and post-meeting lodgements and reporting.
|Syd - 19 June (4pm-6pm) |
Melb - 28 June (4pm-6pm)
Brisb - 27 June (8am-10am)
Adel - 27 June (4pm-6pm)
Perth - 20 June (8am-10am)
Online (regional areas only) - 15 June (12-2pm AEST)
Interpreting financial data for investigations
To gain a working knowledge of interpreting financial data for the purposes of preparing statutory reports to ASIC, identifying and undertaking insolvent trading and recovery actions, preparing section 439A reports and investigations generally.
|Syd - 24 July (4pm-6pm) |
Melb - 26 July (4pm-6pm)
Brisb - 18 July (8am-10am)
Adel - 18 July (4pm-6pm)
Perth - 18 July (8am-10am)
Online (regional areas only) - 20 July (12-2pm AEST)
Sale of business/assets
To gain a working knowledge of various stages of the sale process including obtaining valuations, setting the strategy, completing the sale and meeting statutory obligations.
|Syd - 14 Aug (4pm-6pm) |
Melb - 30 Aug (4pm-6pm)
Brisb - 15 Aug (8am-10am)
Adel - 15 Aug (4pm-6pm)
Perth - 15 Aug (8am-10am)
Online (regional areas only)- 24 Aug (12-2pm AEST)
Stakeholder and statutory reporting
To gain a working knowledge of statutory requirements and best practice approaches to managing stakeholder and statutory reporting efficiently, including notices and reports to creditors; an introduction to remuneration reports and DIRRIs; statutory reports to ASIC and reporting to the secured creditors in receivership appointments.
|Syd - 18 Sept (4pm-6pm) |
Melb - 27 Sept (4pm-6pm)
Brisb - 26 Sept (8am-10am)
Adel - 19 Sept (4pm-6pm)
Perth - 19 Sept (8am-10am)
Online (regional areas only)- 21 Sept (12-2pm AEST)
Practical tax issues
To gain a working knowledge of the practical tax issues faced by insolvency practitioners including meeting PAYG and BAS reporting requirements; GST reporting when acting as Agent for the Mortgagee; an introduction to payroll tax and FBT; increasing adjustments when paying dividends; income tax obligations including Capital Gains Tax.
|Syd - 16 Oct (4pm-6pm) |
Melb - 18 Oct (4pm-6pm)
Brisb - 24 Oct (8am-10am)
Adel - 24 Oct (4pm-6pm)
Perth - 17 Oct (8am-10am)
Online (regional areas only)- 19 Oct (12-2pm AEDT)
To gain a working knowledge of the finalisation processes for different insolvency appointments including transitioning and parallel appointments, being replaced as appointee and dealing with books and records.
|Syd - 20 Nov (4pm-6pm) |
Melb - 15 Nov (4pm-6pm)
Brisb - 21 Nov (8am-10am)
Adel - 21 Nov (4pm-6pm)
Perth - 21 Nov (8am-10am)
Online (regional areas only)- 23 Nov (12-2pm AEDT)
Each course will run for approximately 2 hours depending on the number of questions and level of discussion. There will be a presentation covering the theory and at least one practical exercise to ensure understanding of the issues.
Each course will provide students with a checklist, guide or "cheat-sheet" to assist them with implementing their knowledge back in the workplace.
Attendees will be able to register for one-off courses or do the whole series. Topics are stand alone content and attendees are able to commence the series at any point. The same topics will continue to be offered on an ongoing basis, so students can complete the series in 2017.
The Essential Skills courses are aimed at staff in the first four years of their career and will build on the skills developed in the Introduction to Insolvency Program.
The content is aimed at insolvency practitioners but will also be useful for insolvency lawyers so they can better understand the issues facing their clients.
It is recommended that attendees have completed the Introduction to Insolvency Program, or have at least one year of insolvency experience prior to attending these courses. Some of the topics cover complex areas of insolvency practice and a good understanding of the basics of insolvency will ensure that attendees obtain the most benefit from the course.
Single sessions: The cost per attendee is $150 for ARITA members and $200 for non-members.
Package of 10: The cost per attendee is $1350 for ARITA members and $1800 for non-members. Available until the end of January each year, you will be able to purchase a package to attend all 10 courses and only pay for 9 for that year.
All prices are inclusive of GST.
Please note: Each registration for courses offered via electronic classrooms are for single viewer users only. Exhibition of this training to groups is strictly prohibited and in violation of our terms to service
Each course earns the student 2 CPD points.
All Essential Skills courses will be conducted by trainers with extensive practical experience in insolvency. Trainers are provided with comprehensive course notes to ensure consistency of standard of content no matter the location.
There is no formal assessment in the Essential Skills courses.
If you have any questions regarding the Essential Skills series of training courses or to register your interest, please contact ARITA.
IMPORTANT: Before registering for any ARITA training course, please see our Cancellation Policy.