AAR - Annual Adminstration Return (Estates) Instructions

The annual administration return (AAR) is primarily used to collect information on the operation of the Act from debt agreement administrators, controlling trustees and registered trustees (practitioners).

https://www.afsa.gov.au/about-us/practices/inspector-general-practice-statements/inspector-general-practice-statement-7

Producing the AAR

• The Annual Adminstration return can be exported in XLS format from the software.
• Detailed Reports are also available providing a breakdown of the detail contained in each column

There are two separate formats for

• debt agreements, and
• other insolvency administrations’

Explanation of columns

Receipts

Funds Transferred from another Trustee (9)

Gross sale price of assets (10)

Recoveries from antecedent transactions (11)

Contributions collected (12)

Contributions Voluntary

Sec 73 Composition receipts (13)

Other Receipts subject to Realisation charge (15)

Interest Earned on Estate Funds (17)

Other Receipts not subject to the Realisation charge (18)

Payments

Amount paid to Secured Creditors (20)

Trading Payments (21)

Costs of administering the estate (22)

Trustee’s Remuneration (23)

Dividends paid to creditors (24)

Bank Fees and Charges (25)

Other Payments (26)

Realisation Charge Payments (27)

Interest Charge (28)

Refund of surplus to Debtor (29)

Funds Transferred to another Trustee (31)