This week’s TGIF considers a recent decision concerning the voluntary administration of a Christian school, where the Court gave advice regarding an urgent funding package and questions arising in relation to the Committee of Inspection.
In Marsden, in the matter of Brindabella Christian Education Limited (administrators appointed) [2025] FCA 456, Derrington J gave judicial advice to the effect that the voluntary administrators were justified in:
- having entered into certain urgent funding transactions; and
- in forming a Committee of Inspection (COI) via a ballot process, including where the committee comprised a lender who might derive a profit or advantage from the company’s external administration.
This case is an…
