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ASIC Guides

  • Insolvency: A Glossary of Terms – This is a brief explanation of some of the terms you may come across in company insolvency proceedings.
  • Insolvency for Directors – This resource gives general information on insolvency for directors whose companies are in financial difficulty, or are insolvent, and includes information on the most common forms of external administration.
  • Insolvency for Investors and Shareholders – This resource gives general information for shareholders on the three most common forms of external administration (liquidation, voluntary administration and receivership).
  • Independence of External Administrators: A Guide for Creditors – This information sheet provides general information for unsecured creditors in a liquidation, voluntary administration or deed of company arrangement to help assess whether the external administrator is independent.
  • Approving Fees: A Guide for Creditors – This information sheet gives general information for creditors on the approval of an external administrator’s fees in a liquidation of an insolvent company, voluntary administration or deed of company arrangement (other forms of external administration are not discussed in this information sheet). It outlines the rights that creditors have in the approval process.

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