Corporations Act 2001

The administrator of a company under administration must convene a meeting of the company’s creditors in order to determine:

whether to appoint a committee of inspection; and

if so, who are to be the committee’s members.

The meeting must be held within 8 business days after the administration begins.

The administrator must convene the meeting by:

giving written notice of the meeting to as many of the company’s creditors as reasonably practicable; and

causing a notice setting out the prescribed information about the meeting to be published in the prescribed manner;

A notice under paragraph (3)(b) that relates to a company may be combined with a notice under paragraph 450A(1)(b) that relates to the company.

At the meeting, the company’s creditors may also pass a resolution:

removing the administrator from office; and

appointing someone else as administrator of the company.