When a company goes into voluntary administration, it starts as soon as an administrator is appointed. This appointment happens under a specific part of the Companies Act 1993. The administrator is someone who takes over running the company during this time. You can think of it like a doctor coming in to help a sick person get better. As soon as the doctor (administrator) arrives, the treatment (administration) begins.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM321196.
The administration of a company begins when an administrator is appointed under this Part.
