CORPORATIONS ACT 2001 - SECT 438A Administrator to investigate affairs and consider possible courses of action
CORPORATIONS ACT 2001 - SECT 438A
Administrator to investigate affairs and consider possible courses of actionAs 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.