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deListed Australia

Celebrating 20 Years in Business

Thank you for being part of our development since September 2001. With your ongoing support we look forward to many exciting developments ahead.

Any AUS or NZ company


Browse Australian delisted companies

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Find any Australian or New Zealand company or fund (dead or alive) by using SEARCH above or go directly to the site:


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deListed and InvestoGain acknowledge the support of ASX and ASA:


Australian Securities Exchange
Australian shareholders association

In Administration

In Administration


Australian companies that are in administration feature in the lists below.  See also below for an explanation of administration and how to determine if your company is in administration.


(a small selection)
SALT LAKE POTASH LIMITED SO4 20 Oct 21 On 20 October 2021 the directors of the Companies resolved that the Companies were insolvent or likely to become insolvent at some future time and that administrators should be appointed to the Companies. Martin Jones, Thomas Birch, Hayden White of KPMG Restructuring have been appointed as Voluntary Administrators of the Companies.
HERON RESOURCES LIMITED HRR 16 Jul 21 The company has entered voluntary administration effective from 8:00am today.
RESOURCE GENERATION LIMITED RES 02 Jul 21 Directors of Resource Generation Limited resolved on 2 July 2021 to appoint Jamie Harris, Jason Preston and Anthony Connelly as Voluntary Administrators. The Administrators are undertaking an urgent assessment of ResGen. A first statutory meeting of creditors must be held within eight business days after the administration begins and is expected to take place on 14 July 2021.
CHINA MAGNESIUM CORPORATION LIMITED CMC 23 Jun 21 At approximately 10:00AM on 23 June 2021, the Board of Directors appointed Bryan Hughes and Daniel Bredenkamp of Pitcher Partners as Joint and Several Administrators of the Company pursuant to section 436A of the Corporations Act 2001.
WELLNESS AND BEAUTY SOLUTIONS LIMITED WNB 30 Mar 21 WNB has voluntarily appointed Laurence Fitzgerald of William Buck as Administrator of Wellness and Beauty Solutions Limited, The Giving Brands Company and True Solutions. The Administrator has assumed control of the Group’s assets and will work with the Board during the administration period to maximise the outcome for all stakeholders.
IMPELUS LIMITED IMS 08 Mar 21 Davi Levi was appointed administrator of the company on 8 March 2021. Mr. Levi has also been appointed administrator of the company's Australian subsidiaries, Global One Mobile Entertainment and Impelus APAC.
VECTOR RESOURCES LIMITED VEC 10 Dec 20 Notice is hereby given that Richard Tucker and Benjamin Carruthers of KordaMentha were appointed as Voluntary Administrators of the Company on 10 December 2020 by a resolution of the Company’s directors pursuant to Section 436A of the Corporations Act 2001 (Cth).
SMILES INCLUSIVE LIMITED SIL 09 Nov 20 The company has not been able to raise the funds required to repay amounts due under the recently anounced release deed with NAB. NAB has now terminated the release deed having earlier cancelled and demanded full payment of all amounts owing to it under its facilities on 19 October 2020. The Board has today appointed Luci Palaghia and Tim Heenan, Deloitte Restructuring Services partners, as Voluntary Administrators to Smiles Inclusive Limited and Totally Smiles Pty Ltd.
AFFINITY ENERGY AND HEALTH LIMITED AEB 01 Jul 20 At approximately 8:00AM on 1 July 2020, the Board of Directors appointed Bryan Hughes and Daniel Bredenkamp of Pitcher Partners as Joint and Several Administrators of the Company pursuant to section 436A of the Corporations Act 2001.
COUGAR METALS NL CGM 30 Jun 20 At approximately 2:00PM on 30 June 2020, the Board of Directors appointed Bryan Hughes and Daniel Bredenkamp of Pitcher Partners as Joint and Several Administrators of the Company pursuant to section 436A of the Corporations Act 2001.

What can an administrator do?

The administrator is empowered to do anything that the company or any of its officers could do previously. He can carry on the business of the company as well as terminate it, or any part of it. His job is to investigate the company’s activities and report to creditors at meetings. The first has to be held within eight business days of being appointed and the second within five to six weeks of being appointed.

The administrator is supposed to oversee a corporate rescue mechanism that gives the company a better chance of surviving or that results in a better return to creditors. That's the theory. In practice, while the entity and even the business may survive, the shareholders have almost invariably lost their investment.

A voluntary administrator is not required to report to shareholders on the voluntary administration, but a few of the more enlightened administrators do brief shareholders of listed companies via the ASX Announcements platform.


Creditors make the decisions

The second meeting of creditors is the important meeting. Shareholders do not get to vote. But the creditors then vote to either return control to directors, or place the company in liquidation, or execute a Deed of Company Arrangement, commonly called a DOCA. The DOCA may enable the company to continue trading and offers the prospect of a better return to creditors than liquidation. When the terms of the DOCA are effectuated, the company reverts to the control of its existing directors or new directors. Depending on the outcomes, it may also go straight into liquidation.


Administration never augurs well

In Australia, voluntary administration has never augured well for shareholders; they usually lose all or most of their investment. Creditors via an Administrator (rather than large shareholders via the board) control the company.

Sometimes administrators hold out the prospect of value for shareholders in the corporate shell. But usually this involves only small entities (resuscitated by backing into the corporate shell a new business or another business and raising new capital), and existing shareholdings are savagely diluted, such that an average shareholding is of nominal value only.

Voluntary Administration - 

what does it mean to you as a shareholder? 

Administration is the beginning of the end for shareholders. If your company has been placed in administration, its business has almost certainly failed and your shares are of little, if any, value. The chances of any significant recovery, even if the entity is re-structured and recapitalised, are remote.

Remember who your directors and executives were and resolve to avoid in future any companies they may be involved in.


Finding your company

If your company has been delisted or is suspended from quotation it may well be in administration. You can click on the link above to see a list of all companies in administration or find a specific company that is in administration by:

  •  Searching by company name (see box above left)
  •  Searching by code (see box above right)
  •  Clicking on the appropriate letter of the alphabet (see the alphabet index above)

If you are unable to find your company or the information is incomplete or incomprehensible we recommend you send us a message and we will try to assist.



Insolvency: a guide for shareholders




deListed and InvestoGain are largely the result of voluntary effort. We welcome input and updates from investors, company officers, insolvency practitioners, regulatory bodies, registries and others to admin@delisted.com.au.

Investigate before you invest again to InvestoGain



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