INFO 85
Approving fees: A guide for creditors
This is Information Sheet 85 (INFO 85). It provides creditors with information about the external administrator’s fees in a liquidation of a company, voluntary administration or deed of company arrangement.
In plain English
INFO 85 explains how creditors approve external administrator fees during liquidation, voluntary administration, or a deed of company arrangement.
ASIC’s INFO 85 is for creditors. It explains the process for approving fees paid to external administrators. Creditors must understand their role in this process. The guide provides information about administrator fees. It does not state a commencement or revision date.
Why it matters
Understanding this guide helps creditors fulfil their responsibilities when a company is in financial distress. It ensures proper oversight of administrator costs, protecting creditor interests.
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Issuing regulator
ASIC →Topics
Source: https://www.asic.gov.au/regulatory-resources/insolvency/insolvency-for-creditors/approving-fees-a-guide-for-creditors/. Rules Mate indexes + summarises; always verify against the regulator's live publication.