Information for Employees 


A Guide to Voluntary Administration for Employees
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A Guide to Liquidation for Employees
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A Guide to Receivership for Employees
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Fair Entitlement Guarantee (FEGS)
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Independence of External Administrators 

When a company enters into voluntary administration, a deed of company arrangement or liquidation, it is important that the person put in charge (the ‘external administrator’) is independent of the company and its directors, and acts in the interests of creditors as a whole

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Approving External Administrators Fees

A liquidator, voluntary administrator or deed administrator (i.e. an ‘external administrator’) is entitled to be paid reasonable fees, or remuneration, for the work they perform, once these fees have been approved by a creditors’ committee, creditors or a court, and reimbursed for out-of-pocket costs incurred in performing their role
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FAQs

Am I an employee? 

Is my employer in financial trouble?

What are my options if my employer is in financial trouble?



 



Greg Shilton

Insolvency and Liquidation Specialist

 

Confidential

Practical

Objective

 

 03 9553 2062

greg@gregshilton.com.au