Examples of Scheme Administrators in a sentence
The Australian Scheme Administrators are Tony McGrath and Chris Honey, partners of McGrathNicol, based in Sydney.
The Australian and English Scheme Administrators co-operate fully.
Under the terms of the clause: “Within three months after each anniversary of the date, being either 31 December or 30 June, at the discretion of the Scheme Administrators, after The Australian Scheme becomes effective, the Scheme Administrators shall report to the Scheme Creditors on the progress of The Australian Scheme, including details of remuneration paid to the Office Holders, since thedate of the last such report”.
At this stage the Scheme Administrators expect the actual bar dates to be 30 May 2013.
Under the terms of the Scheme all creditors will be given notice of the actual Estimation Date between six and three months prior to the time.Following the Estimation Date all remaining outstanding and IBNR creditor claims will be crystallised by estimation, to allow for the closure of the insolvency.At the date of this report, the Scheme Administrators consider that June 2013 remains the most likely Estimation Date for the Scheme.