During the administration, the administrator controls the company's business, property and affairs and has broad powers to manage the affairs of the company (section 239U, CA 1993). The administrator's primary role is to investigate and report to the company's creditors on the company's business, property, affairs and financial circumstances and the options available to the creditors, being:
The administrator must give his or her opinion on each of the three options and recommend the option that is in the best interest of the company's creditors, which they will then ultimately vote on.