Join ABRT

  • Please email membership@abrt.org.au to join the ABRT waiting list.
  • As at 7 September 2020, we had 47 professionals on the waiting list. 
On announcement of the Insolvency reforms to support small business and the draft legislation released October 7, enquires for acting as the proposed ‘Small Business Restructuring Practitioner‘ increased significantly (as did ABRT memberships enquiries). The waiting list is being compiled and the ABRT awaits the outcome of Treasury’s ‘Insolvency reforms to support small business’ consultation which finalised October 12
 
The ABRT’s position is supportive of the ASBFEO – Australian Small Business and Family Enterprise Ombudsman and the submission to the Treasury dated 12 October 2020. The ABRT considers the role of ASBFEO will continue to positively impact the small and family business community and will play an integral role in promoting Australia’s economic regeneration.
 
Most importantly, the ABRT considers a ‘Business Viability Review’ will be an essential tool for small and family business owners to determine the most appropriate course of action. Click here to learn more about the ABRT Professional Member’s education requirements for completing Business Viability Reviews.
 

At the Peak of Professional Standards

In an age in which we have so much information at our fingertips, it’s easy to query whether we actually need professionals. Recent unexpected events have proven that our world and the economy is changing at a rapid pace. Also evolving is the legislative, technological and commercial framework to which businesses must adapt in order to continue operating successfully. Professional advisory services must be maintained to the highest of standards if an advisor’s expertise is to remain current, relevant and cost-effective for clients. Restructuring and turnaround practitioners must remain adaptive, innovative and effective if they are to continue playing an integral part in Australia’s economic regeneration. When a professional joins the ABRT, a pledge is made to maintain the highest of standards, pursue innovation in learning and advocate for the benefit of not just their own profession, but the broader business community and public also. 

Rapidly Evolving World

In order to remain a trusted business restructuring and turnaround practitioner, continual professional development is essential. Traditional professional advisory systems have become dated and no longer stand to effectively serve the small and family business sector. We now face the reality that every business, client and employer is potentially at risk of failure, regardless of size or industry.

Whereas in previous years the only option for a distressed business might have been to consult a regulated insolvency practitioner, this simply isn’t feasible in our current environment. New legislation places greater risks and added scrutiny on business advisory specialists than ever before. 

The solution is to join the ABRT professional community and equip yourself with the right tools to ensure the continuation of businesses and jobs wherever practicable. Be a part of the future by making a positive impact on the economy and society by becoming a trusted ABRT Professional Member – RTE®.

Showcase your Professional Expertise and Specialism

The ABRT strongly believe that business owners and consumers must have the opportunity to browse a professional’s specialism, commitment, achievements, qualifications and experience.

The ABRT Professional Directory provides access to a range of ABRT Member Professional Profiles. Unlike Linkedin, all the information displayed on a member’s Professional Profile has been verified by the ABRT Board prior to publishing.

The ABRT acts as a trusted authority to ensure business owners can decide which specialist or team of professionals is appropriately qualified to provide the expert advice needed to resolve their own unique predicament. 

Indeed, public respect and trust in restructuring and turnaround professionals is strongly connected to how well the ABRT is doing its job of developing good professionals, helping the public find the expertise they need – and protecting consumers and clients from poor practice, biased information, and professional incompetence.

Entry criteria for ABRT Associate and Professional Members:

  • Application fee of $275 (GST Inc) 2020 
  • National police check (at the applicant’s cost) 
  • National Personal Insolvency Index check;
  • Suitable career history declaration;
  • Minimum educational requirement is undergraduate or masters degree (or equivalent as determined by Board) 
  • Review of professional memberships, certifications, registrations and academic/educational achievements; and
  • Successful review by the ABRT Board for Membership Category applied for. 

Professional Conduct is especially important as an ABRT Member.

ABRT Members are required to adhere to the following:

  • working to the ABRT Code of Ethics
  • have verified all professional memberships, qualifications, certifications and registrations advertised on the ABRT Professional Directory (re-certified by member annually) 
  • completion the ‘Executive Certification in Turnaround Management Practice‘ within 2 years of joining as an Associate Member 
  • ongoing Professional Development (30 structured hours every 3 years)
  • supply of professional references and testimonials to support leadership experience (at a level of seniority approved by the Board)  
  • respond to any complaints, comply with reasonable information requests and directions from the ABRT Board and, if necessary, undergo Alternative Dispute Resolution (ADR) with the ASBFEO
  • demonstrate and maintain adequate professional indemnity insurance (if a practicing restructuring and turnaround advisor)
  • immediately notify the ABRT of changes to information held within the ABRT Professional Directory (including matters of misconduct, disqualification from other professional bodies, criminal convictions, and/or acts of bankruptcy)

Membership Categories

Affiliate Membership

Restructuring and Turnaround Affiliate

$330 (GST inc)

Pro-Rata 2020

For professionals who supply services, act in a supporting capacity or have an interest in the restructuring and turnaround profession (where restructuring and turnaround work/practice is not part of their primary function).
For example, this category is suited to finance brokers, financial planners, bookkeepers, public relations professionals, insurance brokers, valuers & auctioneers, technology providers and other related service providers.
If an applicant doesn't fit the ABRT Eligibility Criteria or possess the requisite experience, the Board may recommend Affiliate Membership. 
Affiliate Members are welcome to undertake the ABRT 'Executive Certificate in Turnaround Management Practice' but may not advance to Associate or Professional Membership without Board approval.
Affiliate Members are required to have verified their professional memberships, qualifications and certifications (re-certified annually). This information is published on the Member's profile in the ABRT Professional Directory). 
Show more

Associate Membership

Restructuring and Turnaround Associate RTA

$440 (GST inc)

Pro-Rata 2020

Restructuring and turnaround professionals having passed the ABRT Eligibility Criteria must demonstrate at least 2 out of the preceding 3 years leadership experience (working within the restructuring and turnaround profession at a level of seniority approved by the Board).
Professional references and/or appropriate testimonials are required to demonstrate an applicant's 'good standing' and expertise within their professional field. 
Whether an industry expert or practicing business advisory consultant, applicants are required to have verified their professional memberships, qualifications and certifications (re-certified annually for currency). This information is published on the Member's profile in the ABRT Professional Directory). 
Associate Members are required to undertake the ABRT 'Executive Certificate in Turnaround Management Practice' within 2 years of membership. In addition to adhering to the Code of Ethics and maintaining professional standards, Associate Members must have an interest in furthering the interests of the ABRT.
Show more

Professional Membership

Restructuring and Turnaround Executive RTE®

$440 (GST inc)

Pro-Rata 2020

Professional Member RTE® status is awarded to ABRT Members who have completed the ABRT 'Executive Certificate in Turnaround Management Practice' and demonstrated the highest levels of professional expertise in turnaround and restructuring leadership.
In addition to having suitably qualified for Associate Membership, the Board must determine the individual 'fit and proper' for matriculation to Professional Membership.
Whether an industry expert or practicing business advisory consultant, applicants are required to have verified their professional memberships, qualifications and certifications (re-certified annually for currency). 
ABRT Members offering business advisory services or acting as consultants in professional practice must provide evidence of adequate professional indemnity insurance (published on the Member's profile in the ABRT Professional Directory). 
In addition to adhering to the Code of Ethics and maintaining professional standards, Professional Members must have an interest in furthering the interests of the ABRT. 
The RTE® post nominal recognises an ABRT Member's expertise, ongoing diligence and an unblemished track record
Show more

If you are interested in joining the waiting list for membership of the ABRT, please email membership@abrt.com.au.