Insolvency practitioners (liquidators, administrators and receivers)
Insolvency practitioners have defined roles under the legislation which includes a broad discretion in administering the affairs of companies. Their roles require them to act in the interest of creditors as a whole and to determine who is or who is not a creditor. For information about these roles:
Read ASIC's regulatory documents on insolvency (See Australian companies: Winding up companies and insolvent external administration) and insolvency information.
If there is evidence that an insolvency practitioner has acted illegally we may consider taking action: