In order to prepare and carry out the terms of the Debt Agreement proposal offered to creditors, debtors must obtain consent from a Debt Agreement Administrator. Generally this is from a Registered Debt Agreement Administrator.
This may also be an unregistered administrator, friend or associate of the debtor, however this person needs to satisfy ITSA’s eligibility test.
A Certificate signed by the Debt Agreement Administrator must accompany Debt Agreement Proposals lodged by a practitioner