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The announcement's top half reads like its withdrawing without imminent urgency, but its actually because they've entered voluntary administration. "An indepen
by plasma 4y ago
The announcement's top half reads like its withdrawing without imminent urgency, but its actually because they've entered voluntary administration.
"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." [1]
[1] https://asic.gov.au/regulatory-resources/insolvency/insolvency-for-creditors/voluntary-administration-a-guide-for-creditors/#the-purpose-of-voluntary-administration https://asic.gov.au/regulatory-resources/insolvency/insolven...