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Voluntary Administration
Voluntary administration is a formal process for an Australian company that is insolvent or likely to become insolvent. An independent administrator is appointed, takes control of the company and assesses its position, then reports to creditors so they can decide whether the company should be restructured through a deed of company arrangement, handed back to the directors, or wound up. It is designed to create breathing space while the options are worked out.
WHO IS THIS FOR?
Company directors, accountants, lawyers and finance leaders weighing up whether voluntary administration is the right step for a company under real financial pressure.
IN DETAIL
Voluntary administration is aimed at providing a flexible and less terminal alternative to liquidation, thereby offering a potential lifeline to businesses that are struggling but have a viable core operation or assets that can be effectively restructured or sold under more favourable conditions.
When your company enters voluntary administration, TTJ Advisory will be appointed to take control of the company and attempt to work out a way to save the company or its business.
HOW TTJ CAN HELP
Thyge and the TTJ team look honestly at the company's position before anything formal happens, and explain what voluntary administration would and would not achieve. Where an appointment is appropriate, TTJ acts as administrator, takes control, runs the creditor process properly and reports clearly so creditors can make an informed decision.
WHEN TO SEEK HELP
The earlier the better. Get advice if the company cannot pay its debts as they fall due, creditors are escalating, ATO debt is mounting, recovery action has started, or directors are worried about insolvent trading and personal exposure. Options usually narrow as time passes.
OUR PROCESS
Most voluntary administrations follow a broadly similar sequence, even though the detail differs from company to company. The steps below show how TTJ typically approaches an appointment, from the first review through to the creditors' decision.
Important Considerations
Administration changes who controls the company and affects creditors, employees and trading decisions. The outcome depends on the company's circumstances and on what creditors decide, so any statement about powers, timing or results should be confirmed for the specific matter.
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Thyge Trafford-Jones
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Principal — ASIC Registered Liquidator (No. 458321) · AFSA Registered Trustee (No. 1582)
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Member, Australian Restructuring Insolvency & Turnaround Association (ARITA)
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Member, CPA Australia
TTJ Advisory is a registered business name of Restructure My Small Business Pty Ltd (ACN 670 511 476).
Liability limited by a scheme approved under Professional Standards Legislation.
© 2026 TTJ Advisory.
TTJ Advisory acknowledges the Traditional Custodians of the land on which we operate, live and gather as employees, and recognise their continuing connection to land, water and community. We pay respect to Elders past, present and emerging.
