Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 436F

Functions of committee of creditors

             (1)  The functions of a committee of creditors of a company under administration are:

                     (a)  to consult with the administrator about matters relating to the administration; and

                     (b)  to receive and consider reports by the administrator.

             (2)  A committee cannot give directions to the administrator, except as provided in subsection (3).

             (3)  As and when a committee reasonably requires, the administrator must report to the committee about matters relating to the administration.



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