Voluntary Administration Services You Can Trust
Voluntary Administration
A Voluntary Administration (VA) is activated by the director(s) of the company when the company is insolvent, or it may become insolvent in the future. A meeting of director(s) will resolve to appoint a Voluntary Administrator, and that person must be licenced by the Australian Securities and Investments Commission (ASIC) as a Registered Liquidator.
The role of the Voluntary Administrator is defined by the Corporations Act and its various schedules such that the Administrator is obligated to carry out statutory tasks, including investigations into:
The financial position of the company;
The financial performance of the company;
Whether the director is proposing a Deed of Company Arrangement (DOCA);
Whether the company should be placed into Liquidation;
The quantum of creditors’ claims against the company; and
In some circumstances, control of the company could be returned to the director(s).
Menzies Advisory has the knowledge, skills and expertise to implement a strategy that will ensure the best outcome for all involved.
Liability Limited by a scheme approved under Professional Standards Legislation.
Menzies Advisory Pty Ltd is a CPA practice.
Contact 1300 948 593
Other Information
- Registered Liquidator ASIC #485110
- Certified Practising Accountant
- Our Principal is a Professional member of ARITA
ABN: 36 612 600 049
Our Hours
- Mon - Fri
- -
- Sat - Sun
- Closed
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