https://asic.gov.au/regulatory-resources/insolvency/insolvency-for-creditors/voluntary-administration-a-guide-for-creditors/
Voluntary administration is designed to resolve a company’s future: see Table 1. An independent registered liquidator (the voluntary administrator) takes full control of the company. This allows the director or a third-party time to find a way, if possible, to save the company or its business.
Ann: Appointment of Voluntary Administrators, page-6
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