Special administration is a form of external administration unique to the CATSI Act. It is different to an administration under the Corporations Act 2001.
It enables the Registrar to provide early proactive regulatory assistance when a corporation experiences financial or governance difficulties. The Registrar appoints a suitably qualified person to look after or fix problems such as:
- financial troubles
- poor internal business or governance practices (the corporation is not running as is should)
- the structure of the corporation needs to be changed.
The aim is to return control of a better corporation back to its members.