An external administrator (liquidator, voluntary administrator, deed administrator, or a restructuring practitioner for a company or of a restructuring plan) has been appointed to a company The directors of rodgers reidy are experts in each method of appointment and. An external administrator is a term defined in the corporations act 2001 to describe a person appointed to carry out certain insolvency processes for a company.
Talissa Smalley
Restructuring and restructuring plans are types of ‘external administration’ under the corporations act 2001.
External administration is a collective term in australian company law for processes where an independent, registered insolvency practitioner takes control of all or part of a company’s.
Administrator, who is appointed to an insolvent company (usually by the company itself or a secured creditor with security over all or substantially all of the company's property) to assess its financial. Asic must note on the company register that the company has appointed a restructuring. Rather, external administration is a general term that refers to insolvency situations where an external administrator is appointed. In this information sheet they are simply referred to as an external administrator.
External administrators are independent insolvency. When a company enters into voluntary administration, a deed of company arrangement or a liquidation, it is important that the person put in charge (the ‘external administrator’) is independent of the. The duties of an external administrator are specified in legislation and they must adhere to certain standards while.
