Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The administrator of a company under administration must convene a meeting of the company's creditors in order to determine:
(a) whether to appoint a committee of inspection; and
(b) if so, who are to be the committee's members.
(2) The meeting must be held within 8 business days after the administration begins.
(3) The administrator must convene the meeting by:
(a) giving written notice of the meeting to as many of the company's creditors as reasonably practicable; and
(b) causing a notice setting out the prescribed information about the meeting to be published in the prescribed manner;
at least 5 business days before the meeting.
(3A) A notice under paragraph (3)(b) that relates to a company may be combined with a notice under paragraph 450A(1)(b) that relates to the company.
(4) At the meeting, the company's creditors may also pass a resolution:
(a) removing the administrator from office; and
(b) appointing someone else as administrator of the company.