Section 239AE — Companies Act 1993: Administrator must investigate company's affairs and consider possible courses of action

239AE Administrator must investigate company's affairs and consider possible courses of action As 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 creditors' interests 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 a liquidator to be appointed. Compare: Corporations Act 2001 (Australia) s 438A Section 239AE: inserted, on 1 November 2007, by section 6 of the Companies Amendment Act 2006 (2006 No 56).