Ann: Appointment of Administrators, page-41

For those fearing the worst and wondering how the legal process works when a company voluntarily appoints an Administrator to run its business, here is a good overview.

https://lawpath.com.au/blog/happens-company-goes-administration

I still think the company can be saved and the A40 board will choose to restructure (once the administrator's restructuring proposals are presented), as per the VA announcement:

_{'Accordingly, the directors of the Group Companies resolved that the Administrators should be appointed to theGroup Companies, with a view to effecting a restructure and recapitalisation through the administration process.The Company expects the Administrators will progress various restructure proposals with various parties, includingthe Consortium and the secured lender'}