Our expert  team can help you to fully understand the process of Voluntary Administration, simply call us today on 1300 60 70 60.

Appointment by the directors

Voluntary Administrators are normally appointed by the directors of the company.  Appointment is initiated when the directors of the company resolve that the company is, or is likely to become, insolvent (section 436A of the Corporations Act, 2001).

The directors simply have to be satisfied that there is a likelihood that the company will be insolvent at some future time.

Appointment by a liquidator or provisional liquidator

An administrator can be appointed by a liquidator or a provisional liquidator (s436B).  The liquidator or provisional liquidator may act as the administrator provided that the Court’s approval is obtained.

Appointment by Secured Creditors

A secured creditor who has a charge on “the whole, or substantially the whole, of a company’s property” may also appoint an administrator: s436C.

Our voluntary administration team can help you to comply with the laws surrounding administration, allowing you to avoid incurring penalties.

Our voluntary administration consultants are ready to provide you with assistance; simply pick up the phone and get in touch with us today.