438A
In forceAdministrator to investigate affairs and consider possible courses of action
Volume 2Chapter 2L, Part 2L.1 to Chapter 5, Part 5.9 sections 283AA to 600K
Chapter 5External administration
Part 5.3AAdministration of a company’s affairs with a view to executing a deed of company arrangement
Division 4Administrator investigates company’s affairs
438A Administrator to investigate affairs and consider possible courses of action
As soon as practicable after the administration of a company begins, the administrator must:
(a)
investigate the company’s business, property, affairs and financial circumstances; and
(b)
form an opinion about each of the following matters:
(i)
whether it would be in the interests of the company’s creditors for the company to execute a deed of company arrangement;
(ii)
whether it would be in the creditors’ interests for the administration to end;
(iii)
whether it would be in the creditors’ interests for the company to be wound up.
This Act’s bill:Explanatory memorandumSecond reading speech
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