INFO 212
Concerns about illegal phoenix activity
This is Information Sheet 212 (INFO 212). It explains what you can do if you are concerned about or suspect illegal phoenix activity, are dealing with an insolvent business or chasing unpaid wages or superannuation.
In plain English
INFO 212 explains what to do if you suspect illegal phoenix activity or are dealing with an insolvent business.
ASIC’s INFO 212 applies to anyone concerned about illegal phoenix activity. It outlines steps to take when suspecting this activity, dealing with insolvency, or chasing unpaid wages or superannuation. It provides guidance on reporting concerns to ASIC. This information sheet is regularly reviewed and updated.
Why it matters
Illegal phoenix activity can harm employees, creditors, and the wider business community. This guidance helps you identify and report suspicious behaviour, protecting your business and others.
AI-assisted summary, grounded in the source link below. Generated 2026-05-23 via gemma3:12b.
Issuing regulator
ASIC →Topics
Source: https://www.asic.gov.au/about-asic/contact-us/reporting-misconduct-to-asic/concerns-about-illegal-phoenix-activity/. Rules Mate indexes + summarises; always verify against the regulator's live publication.