As soon as practicable after the administration of a company begins, the administrator must:

(a)

investigate the company's business, property, affairs and financial circumstances; and

(b)

form an opinion about each of the following matters:

(i)

whether it would be in the interests of the company's creditors for the company to execute a deed of company arrangement;

(ii)

whether it would be in the creditors' interests for the administration to end;

(iii)

whether it would be in the creditors' interests for the company to be wound up.