Introduction to Insolvency Program (IIP)

Developed and presented by insolvency experts, the IIP is an interactive course that provides new entrants to the profession with an understanding of the fundamentals of corporate insolvency and an introduction to personal insolvency.

The IIP has a strong focus on the key practical issues you will encounter on the job and is an essential foundation for understanding the practice of formal insolvency.

Who should attend

The course is aimed at new entrants to the insolvency profession, who are either just beginning their career or entering the profession from a different vocation.

Prerequisites

There are no prerequisites for the Introduction to Insolvency Program. However, we recommend you have three months' experience prior to attending this course.

Learning objectives

  • Describe each of the different types of formal insolvency appointments and how they interact.
  • Explain the structure of the Corporate Act and Bankruptcy Act, including the Insolvency Practice Schedules and Rules.
  • Research routine matters encountered on insolvency engagements using the Corporations Act, Bankruptcy Act, ARITA Code, reference materials and the internet.
  • Give a brief explanation of the Personal Property Securities regime and searching the Personal Property Securities Register.
  • Outline the procedures, including statutory obligations and timeframes, involved in completing a:
    • creditors’  voluntary liquidation (and compare that to a court liquidation).
    • voluntary administration and deed of company arrangement.
    • receivership.
    • bankruptcy.
  • Explain the different types of recoverable transactions and be able to identify those transactions.
  • Adjudicate on the proofs of debt, explain the type of supporting documentation required for proofs of debt, rank the creditors' claims in order of priority, explain the process to declare a dividend, and calculate available funds.
  • Explain creditors' right to request information and meetings and the importance of the proper handling of creditor queries.
  • Give brief explanations on time recording, filing systems, file notes, insolvency accounting systems, insurance and Fair Entitlements Guarantee.
  • Explain how to complete annual and end of administration returns and a basic ROCAP (Report on Company Activities and Property).

Course content

  • Overview of insolvency
  • Legislation, research materials, ARITA Code
  • An introduction to Personal Property Securities Act
  • Liquidations
  • Voluntary administrations & deeds
  • Receiverships
  • Bankruptcy
  • Investigations
  • Proofs of debt
  • Dividends
  • Dealing with creditors
  • Administrative issues
  • Completing forms

Please note: 
This course provides only an introduction to personal insolvency.

Assessment

There is no formal assessment in the IIP. Upon successfully completion of the course you will receive an electronic certificate of attendance.

Trainers

All IIP courses are conducted by trainers with extensive experience in insolvency, including practitioners, former practitioners, lawyers and academics.

Cost

2020: $1,445 (including GST)

You must be an ARITA Student to enrol for this course. Student subscription is not transferable and is not refundable in the event of cancellation.

Please note: If you are based overseas, there may be an additional postage/courier fee. Please contact our education team to confirm.

Course delivery & time commitment

Online via electronic classroom
Trainer-presented, fully-interactive live online video training via electronic classroom. This is a four-day course, with four hours commitment each day. Assigned pre-course reading must be completed before the course begins. More information about the electronic classroom & system requirements

Face-to-face
Our face-to-face course is a two-day course, with seven hours commitment each day. Assigned pre-course reading must be completed before the course begins.

Please note: Mindful of the evolving COVID-19 crisis, all face-to-face IIP courses scheduled until September will now be delivered online. We'll continue to monitor the COVID-19 health and safety advice and make the appropriate changes to the face-to-face courses offered between September and December.

CPE

Up to 14 CPE hours 

What will you receive?

Online course:
Prior to the course commencing you will be provided with:

  • Pre-course reading materials that provide an ongoing valuable reference source.
  • An online quiz to assess your understanding of the pre-course reading materials.
  • Current ARITA Handbook, which contains ARITA’s Code of Professional Practice and extracts of relevant legislation. 
  • Course workbook containing handouts covering the course content and exercises to reinforce learning.

During the course you will receive:

  • Suggested solutions to all exercises.

Face-to-face course:
Prior to the course commencing you will be provided with:

  • Pre-course reading materials that provide an ongoing valuable reference source;
  • An online quiz to assess your understanding of the pre-course reading materials; and
  • Current ARITA Handbook, which contains ARITA’s Code of Professional Practice and extracts of relevant legislation. 

At the course you will receive:

  • Course workbook containing handouts covering the course content and exercises to reinforce learning; and
  • Suggested solutions to all exercises.

In-house training

At this stage we are not offering any in-house training. We will update this offering as health and safety recommendations around COVID-19 change.

Upcoming courses

Please see our enrolment & cancellation policy. For further information contact our education team.

We are working hard to add more IIP online sessions. If all online options below are currently full, please email us if you would like to be notified when registrations become available.

CourseLocationStart DateEnd DateStatus
Introduction to Insolvency Program (IIP) - Online 8Online24/08/202027/08/2020 Available for registration2IIPW0820
Introduction to Insolvency Program (IIP) - Online 9Online21/09/202024/09/2020 Available for registration2IIPW0920
Introduction to Insolvency Program (IIP) - BrisbaneBrisbane16/11/202017/11/2020 Available for registration2IIPBR1120
Introduction to Insolvency Program (IIP) - PerthPerth24/11/202025/11/2020 Available for registration2IIPPE1120
Introduction to Insolvency Program (IIP) - SydneySydney30/11/20201/12/2020 Available for registration2IIPSY1120
Introduction to Insolvency Program (IIP) - MelbourneMelbourne3/12/20204/12/2020 Available for registration2IIPME1120