Your Company Has Options Beyond Liquidation. A Deed of Company Arrangement Can Keep It Alive.
A DoCA allows you to trade through insolvency, compromise creditor debts, and return your business to your control — without closing.
- Avoid personal liability
- Handle ATO debts
- Wind up compliantly
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“A Deed of Company Arrangement (DoCA) is a binding agreement under Part 5.3A of the Corporations Act 2001 between an insolvent company and its creditors, executed following Voluntary Administration, that allows the business to continue trading while restructuring or compromising its debts.”
Reviewed By Vedran Maric CPA (CPA No. 10192485)
Founder, BVM Accountants and Business Consultants
Vedran Maric is a Certified Practising Accountant and founder of BVM Accountants and Business Consultants, based in Sydney, NSW. He holds a Master of Applied Finance and Banking from Western Sydney University and completed his CPA certification through CPA Australia.
Before establishing his own practice, Vedran spent over a decade in senior finance roles at Citibank, where he held positions including Head of Financial Planning and Analysis and Head of Operational Support and Strategy — advising on financial risk, business restructuring, and operational efficiency across the bank’s Australian operations.
He now works with Australian business owners navigating complex financial challenges, including insolvency options, cash flow management, and business restructuring. His corporate banking background gives him a practical, numbers-first perspective on the options available to directors facing financial distress — including Director Penalty Notices, Small Business Restructuring, and Voluntary Administration.
Vedran reviews content on this site for technical accuracy. This content is informational only and does not constitute financial or legal advice.
What is a Deed of Company Arrangement (DoCA)?
If your company is struggling to meet its obligations and you are wondering whether there is a path back — not just a way out — the Deed of Company Arrangement may be the most important legal tool you have never heard of. A DoCA is a binding agreement between an insolvent company and its creditors, executed after a period of Voluntary Administration (VA), that allows the business to continue trading whilst compromising or restructuring its debts. It is the legal mechanism that keeps otherwise viable companies alive.
Definition and How DoCA Saves Companies
A Deed of Company Arrangement is a formal, court-enforceable agreement under Part 5.3A of the Corporations Act 2001 (Cth). It binds all unsecured creditors — including the ATO — to the terms of a repayment or compromise plan proposed by the directors and approved by a majority of creditors. Once executed, it replaces the threat of liquidation with a structured pathway: the company trades on, meets its obligations under the deed, and is eventually returned to the directors’ full control upon completion. Unlike a liquidation, the company does not cease to exist. Unlike an informal arrangement, a DoCA has statutory force.
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DoCA vs Liquidation: Key Director Benefits
The contrast with liquidation is stark. In liquidation, the company is closed, employees lose their jobs, contracts are terminated, and directors lose all control immediately. In a DoCA, the company continues operating, employees are typically retained, key contracts survive, and directors regain full control once the deed obligations are fulfilled. Creditors generally approve a DoCA over liquidation when the deed offers a better financial return — which, for a viable trading business, it usually does. The DoCA also stops the clock on further insolvent trading liability from the date the VA commences.
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When Your Business Qualifies for DoCA
DoCA is available to any incorporated company — Pty Ltd or public — regardless of size or total debt. Unlike the Small Business Restructuring (SBR) pathway, there is no A$1 million liability cap. The critical threshold is viability: the business must have a realistic prospect of generating sufficient cash flow to fund the deed payments and continue trading profitably. Companies that typically qualify have a defensible core operation, identifiable underperforming divisions or debts that can be restructured, loyal customers, and some asset base. If the underlying business model is sound but the balance sheet is distressed, a DoCA may be exactly the right tool.
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Legal Framework Under Corporations Act Part 5.3A
The DoCA process sits within a detailed statutory framework that every director contemplating this path needs to understand. The law sets hard deadlines — miss them, and the process collapses or personal liability crystallises. Here is the architecture you are operating within.
Governing Sections (ss 436A–446)
The primary provisions governing the VA-to-DoCA pathway are:
- Section 436A: A director-initiated VA. The board resolves that the company is insolvent, or likely to become insolvent, and appoints a registered administrator. This is the most common entry point.
- Section 439A: The administrator’s duty to convene the second creditor meeting — the meeting at which creditors vote on the company’s future, including whether to accept a DoCA.
- Section 444A: The mechanism by which a DoCA is executed. It must be signed within 15 business days of the creditors’ resolution to accept it.
- Section 444D: The binding effect of the DoCA on all creditors (other than secured creditors and employees in respect of their priority entitlements), even those who voted against it.
- Section 445C: The termination provisions — including automatic termination if the company fails to comply with its obligations.
Critical Timeframes (VA Convening Period)
The VA-to-DoCA timeline is governed by strict statutory deadlines:
- Day 1: Administrator appointed; moratorium on creditor action begins immediately.
- Day 8 (approximately): First creditors’ meeting. Creditors may replace the administrator or form a committee. This meeting is procedural — not the decision point.
- 20 business days (standard): The VA convening period. The administrator must convene the second meeting within this window. Courts may extend this period for complex cases.
- Day 25 (approximately): Second creditors’ meeting. Creditors vote: accept the DoCA, return the company to directors (if solvent), or wind up immediately.
- 15 business days post-resolution: Deadline to execute the DoCA (s 444A). Failure to execute within this period means the DoCA lapses and the company is automatically wound up.
- 21 days (ATO DPN): Appointment of a VA administrator within 21 days of receiving a Director Penalty Notice remits personal liability for non-lockdown DPN debts.
The 21-day DPN window is your single most urgent deadline. If you have received an ATO DPN today, the VA must commence within 21 days — not 22.
Eligibility and Creditor Vote Rules
A DoCA requires approval at the second creditors’ meeting by a majority in both number and value of creditors voting (the ‘double majority’ test under s 439C). In practice, the ATO — as the largest creditor in many small business insolvencies — wields decisive influence. Creditors who are related parties (directors, associated entities) may be excluded from voting if their inclusion would distort the result. There is no statutory minimum or maximum debt level for DoCA eligibility. The administrator must provide creditors with a written report comparing the expected return under the DoCA proposal against the estimated return in a liquidation — and the DoCA must demonstrably beat the liquidation figure for creditors to approve it.
Step-by-Step DoCA Process for Directors
Here is exactly what happens from the night you decide to act to the day your company emerges from the process under your control. Understanding each stage reduces uncertainty and helps you take effective action at every point.
Step 1: Enter Voluntary Administration (Day 1)
The process begins with a formal board resolution under s 436A. The directors resolve that the company is insolvent, or likely to become insolvent, and appoint a registered liquidator as administrator. This single action triggers the VA moratorium: all unsecured creditor action — including court proceedings, enforcement of judgments, and repossession of assets — is immediately stayed. The ATO cannot issue new Director Penalty Notices for the duration of the moratorium. The administrator takes control of the company’s day-to-day affairs, although directors remain in office and their input into a DoCA proposal is critical from this point. Notify your key customers, suppliers, and employees immediately — managed communication prevents unnecessary panic and preserves the commercial relationships your DoCA will depend upon.
Steps 2–3: Creditor Meetings and Proposal
Within approximately 8 business days of appointment, the administrator convenes the first creditors’ meeting. This meeting is largely administrative: creditors are informed of the VA, may replace the administrator, and may establish a creditors’ committee. The administrator begins a thorough investigation of the company’s affairs, assets, and liabilities — and assesses the viability of the business.
The critical event is the second creditors’ meeting, held within approximately 20–25 business days. By this point, the administrator has prepared a detailed Investigating Accountant’s Report (IAR) setting out three scenarios for creditors: (1) a DoCA on the terms proposed by directors, (2) return of the company to directors, or (3) liquidation. The report must include a quantified comparison of creditor returns under each scenario. Directors should engage closely with the administrator during this period to ensure the DoCA proposal is realistic, credible, and demonstrably superior to a liquidation return. Creditors vote by the double majority test — a majority in both the number of creditors and the value of debts.
Step 4: Deed Execution and Ongoing
If creditors approve the DoCA, the deed must be formally executed within 15 business days of the resolution (s 444A). This is a binding legal document specifying: the contributions to the deed fund (from trading revenue, asset sales, director contributions, or third-party funding); the payment schedule; the treatment of each class of creditor; and any conditions attaching to the company’s ongoing trading. A deed administrator — often the same person as the VA administrator — is appointed to oversee compliance. The company returns to trading under director control, subject to oversight. Most DoCA payment periods run from one to five years. Once all deed obligations are fulfilled, the DoCA terminates and the company is fully restored to the directors.
What If Creditors Reject the DoCA Proposal?
If creditors vote against the DoCA at the second meeting, the company moves automatically into liquidation from that point. There is no intermediate step. A liquidator is appointed, creditor action recommences, and the winding-up process begins immediately. This is why the DoCA proposal must be robust and credible before the creditor vote — a rejected proposal cannot be revived. If there is genuine uncertainty about creditor support, experienced insolvency advisers may engage directly with key creditors (particularly the ATO) in advance to gauge appetite and refine the proposal accordingly.
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Director Duties, Personal Liability and DPNs
Understanding your legal obligations — and the personal risks that VA and DoCA either protect against or leave unresolved — is non-negotiable. This section addresses the questions directors most urgently need answered.
Obligations During VA/DoCA Phases
Under s 438D of the Corporations Act, directors must provide the administrator with a Report as to Affairs (RATA) — a sworn statement of the company’s assets, liabilities, and creditors — as soon as practicable after appointment and no later than 5 business days. You must also deliver all books and records of the company, provide access to company premises, and cooperate fully with the administrator’s investigation. During the VA, the administrator controls the company’s operations, but directors remain responsible for providing accurate and complete information. Failure to cooperate — or providing false information — is a criminal offence. During the DoCA phase, directors regain operational control subject to the deed administrator’s oversight and reporting obligations.
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Insolvent Trading Protection (s 588V)
One of the most significant benefits of entering VA is the protection it provides against further insolvent trading liability. Under s 588V of the Corporations Act, a director is not liable for debts incurred during the period when the company is under VA or DoCA — provided those debts are incurred in the ordinary course of the administrator’s or deed administrator’s management. This means the VA moratorium effectively freezes your personal insolvent trading exposure from Day 1 of the administration. Pre-VA insolvent trading risks — debts incurred while the company was insolvent before the administrator was appointed — remain live and can be pursued by a liquidator if the DoCA ultimately fails and the company is wound up. This reinforces the importance of acting promptly: the earlier you appoint an administrator, the smaller the window of personal exposure.
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ATO DPN Remission and Guarantees
The interaction between VA and ATO Director Penalty Notices is one of the most practically important aspects of the entire process. Under the Taxation Administration Act 1953 (TAA), a non-lockdown DPN — issued for PAYG withholding, GST, or superannuation guarantee charge (SGC) that was reported but unpaid — is remitted (discharged) if the company enters VA within 21 days of the DPN being issued. This is one of the few mechanisms that completely eliminates personal liability for ATO debts. Once the VA commences, the moratorium prevents the ATO from issuing further DPNs for the duration of the administration.
Lockdown DPNs — issued where PAYG, GST, or SGC were not reported within 3 months of the due date — cannot be remitted by VA or DoCA. Personal liability under a lockdown DPN is irreversible. This makes timely ATO reporting a critical obligation even when the company cannot pay.
Personal guarantees on bank loans, commercial leases, and supplier facilities are entirely unaffected by VA or DoCA. The moratorium does not extend to third-party guarantee obligations. Directors with significant personal guarantees should obtain independent legal advice before and during the VA process.
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DoCA Costs and Funding Realities
DoCA is not cheap. It requires professional fees, legal costs, and a funding structure that sustains deed payments over potentially several years. Directors need to understand the real numbers before committing.
VA Administrator and Legal Fees
The VA phase alone typically costs between A$20,000 and A$60,000 in administrator fees and disbursements, depending on the complexity of the company’s affairs, the size of the creditor pool, and the volume of investigation required. These fees are charged at hourly rates by the administrator (typically A$350–A$600 per hour for principals) and are approved by creditors at the second meeting or by the court. Legal fees — for preparing the deed instrument, advising the directors, and managing the process — add a further A$5,000–A$20,000. Administrators must provide creditors with a remuneration approval report detailing their fees, and creditors may challenge excessive remuneration. The total outlay for VA and DoCA preparation should be factored into the deed funding model from the outset — underfunding the VA phase is a common and avoidable error.
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Deed Administration and Payment Plans
Once the DoCA is executed, the deed administrator charges ongoing fees for monitoring compliance, receiving and distributing deed payments, and reporting to creditors. These typically range from 5% to 15% of total deed fund contributions, depending on the administration complexity. Payment plans under the deed are funded from trading revenue, asset realisations, director contributions, or third-party investment. Plans spanning one to five years are common. Creditors may agree to vary deed terms if the company faces short-term setbacks, provided a majority approve any variation.
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Cost vs Liquidation Savings
DoCA costs more upfront than a straightforward CVL. However, if the rescue succeeds, the total economic outcome — jobs preserved, business value retained, creditor returns superior to liquidation — substantially outweighs the additional cost. The relevant comparison is not DoCA vs CVL in isolation but DoCA vs CVL plus the economic cost of losing the business entirely.
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DoCA vs Alternatives: SBR, VA, Liquidation
Before committing to a DoCA pathway, directors should understand how it compares against the other available mechanisms. The right choice depends on your debt level, business viability, creditor composition, and urgency.
Comparison Table: Control, Cost, Timeline
| Feature | DoCA (via VA) | SBR | Voluntary Administration | Liquidation (CVL) |
|---|---|---|---|---|
| Debt limit | None | < A$1M | None | None |
| Director control | Regained post-deed | Retained throughout | Lost to administrator | Lost Day 1 |
| Moratorium | Yes — Day 1 VA | Yes — 20 bus. days | Yes — VA period | No |
| DPN remission | Yes (non-lockdown, 21 days) | No | Yes (non-lockdown, 21 days) | Yes (non-lockdown, 21 days) |
| Typical cost | A$25K–A$80K+ | A$5K–A$20K | A$20K–A$60K | A$4K–A$15K |
| Timeline | 1–5 years (deed term) | 3–12 months | Leads to DoCA/liq | 3–12 months |
| Best suited for | Viable, mid-large firms | Viable, sub-A$1M debt | Uncertain viability | Terminal insolvency |
Why Choose DoCA Over SBR for Larger Firms
The Small Business Restructuring pathway is an excellent tool — but only for companies with total liabilities under A$1 million. Beyond that threshold, SBR is unavailable and a DoCA via VA is the primary restructuring mechanism. DoCA also offers considerably greater flexibility in deed terms: payment amounts, timelines, creditor treatment, and conditions can all be negotiated. The VA administrator’s independent assessment adds credibility to the proposal in the eyes of larger, more sophisticated creditors — including the ATO and major banks — who may be sceptical of a director-prepared SBR plan. For companies with complex creditor structures, multiple secured parties, or debts exceeding the SBR cap, DoCA is the structurally superior choice.
Employee, Supplier, and Contract Continuity
One of the most commercially significant advantages of a DoCA is business continuity. Employees do not automatically lose their jobs upon VA appointment — the administrator decides whether to retain staff based on operational needs, and most going-concern administrations retain key employees throughout. Under the DoCA, employment contracts typically continue. Employees are priority creditors for pre-VA entitlements (wages, leave) under s 556, but their ongoing employment is a feature, not a casualty, of the process. Supplier contracts can similarly be preserved — the administrator has the power to disclaim onerous contracts, but will generally retain arrangements essential to trading. Key customer relationships, licences, and intellectual property remain with the company throughout, unlike in a liquidation where they may be lost or sold.
ATO Debts in DoCA: Priority and Negotiation
In most Australian small and medium business insolvencies, the ATO is the single largest creditor. Its attitude to a DoCA proposal will frequently determine whether the deed is approved. Understanding how the ATO evaluates DoCA proposals — and how its debts are treated within the deed — is essential preparation.
PAYG/GST/Super Treatment
Within a DoCA, the ATO’s PAYG withholding, GST, and superannuation guarantee charge (SGC) debts are treated as unsecured creditor claims and may be compromised — meaning the ATO agrees to accept less than the full amount owed in exchange for the certainty of the deed payment. This is fundamentally different from the liquidation scenario, where ATO debts rank behind employee entitlements under s 556 and often receive nothing. A well-structured DoCA proposal will demonstrate to the ATO that its return under the deed is materially higher than its expected recovery in a liquidation — and quantify that comparison precisely. The ATO publishes its approach to reviewing insolvency proposals and expects realistic, commercially substantiated projections; it will reject speculative or unsupported plans.
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Director Penalty Notice Interactions
As noted above, the appointment of a VA administrator within 21 days of a non-lockdown DPN remits the director’s personal liability for the underlying PAYG, GST, and SGC debts. The ATO then becomes an unsecured creditor of the company in the VA/DoCA process and votes on the proposal at the second creditors’ meeting. The ATO’s vote is significant: it represents one creditor in the ‘number’ test and — given the size of typical ATO debts — often controls the ‘value’ test. A DoCA proposal that does not demonstrably offer the ATO a better return than liquidation is unlikely to obtain ATO support, and without ATO support, the double majority is very difficult to achieve.
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Success Tips for ATO Approval
Directors seeking ATO support for a DoCA should: (1) engage an experienced insolvency adviser early — ideally before the VA commences — to structure the proposal; (2) ensure all ATO lodgements are up to date before or immediately after the VA appointment; (3) present trading cash flow projections that are conservative, credible, and independently reviewed; (4) propose a deed return to the ATO that is materially and demonstrably better than the administrator’s liquidation estimate; and (5) be prepared for ATO due diligence on the business plan and the directors’ track record.
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Post-DoCA: Success, Risks and Fresh Start
A completed DoCA is a genuine second chance. But the path from deed execution to full commercial freedom requires discipline, transparency, and a realistic understanding of what can go wrong.
Monitoring Compliance and Early Completion
During the deed term, the deed administrator monitors compliance with payment obligations, reports to creditors at regular intervals, and holds the deed fund on behalf of creditors. Directors must ensure deed contributions are made on schedule — even small shortfalls can trigger creditor concern and requests for variation. Creditors may vote to vary the deed terms if the company encounters genuine short-term difficulty, provided the variation does not reduce their overall return. Early completion — paying out the full deed fund ahead of schedule — is possible and ends all deed obligations immediately. Some deed structures include an early-completion incentive to encourage directors to accelerate payments.
Failure Risks (Liquidation Trigger)
A DoCA that is not complied with does not simply lapse — it terminates under s 445C and the company is automatically wound up. The deed administrator becomes the liquidator. All pre-DoCA creditor claims are revived, any payments made under the deed are credited, and the liquidation proceeds as if the DoCA had never existed. This outcome is worse than a voluntary liquidation initiated from the outset, because professional fees have been spent on both the VA and the failed DoCA. Directors must be ruthlessly realistic about their ability to fund and comply with deed obligations before proposing them. An optimistic projection that fails is more damaging — financially and reputationally — than a conservative plan that succeeds.
Credit Impact and New Opportunities
A completed DoCA is recorded on ASIC’s published insolvency register, and the company’s credit history will reflect the VA period. However, this is materially less damaging to a director’s personal and professional standing than a liquidation and a failed company. Directors who manage a DoCA competently — communicating transparently with creditors and the administrator, meeting obligations, and completing the deed — typically find that the market recognises the distinction between managed restructuring and business failure. Starting a new venture after a completed DoCA is entirely lawful. Illegal phoenixing — transferring assets from the DoCA company to a new entity to defeat creditors — remains a serious criminal offence under ss 588FDA and 596AB.
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Frequently Asked Questions
Answers to the questions Australian directors ask most urgently about the Deed of Company Arrangement.
1. What is a Deed of Company Arrangement and when should directors start?
A Deed of Company Arrangement (DoCA) is a binding agreement between an insolvent company and its creditors, executed after a period of Voluntary Administration, that allows the business to continue trading whilst restructuring its debts. Directors should commence the process the moment they believe the company cannot meet its debts as they fall due — particularly if an ATO Director Penalty Notice has been received. The 21-day DPN window makes immediate action essential. Early entry maximises creditor goodwill, limits personal liability exposure, and preserves business value.
2. Does DoCA protect me from personal liability?
Entering Voluntary Administration — the gateway to a DoCA — stops the accrual of insolvent trading liability under s 588V from Day 1 of the appointment. It also remits personal liability under non-lockdown ATO Director Penalty Notices if the VA commences within 21 days of the DPN being issued. Pre-VA insolvent trading risks remain live if the DoCA ultimately fails and the company is wound up. Personal guarantees on bank loans or leases are entirely unaffected — the moratorium does not extend to third-party guarantee obligations. Independent legal advice on personal guarantee exposure is strongly recommended.
3. How much does a DoCA process cost?
The VA phase typically costs A$20,000–A$60,000 in administrator fees and legal costs, depending on business complexity and creditor volume. Deed administration adds ongoing fees of approximately 5 of deed contributions. Total cost over the deed term depends on the payment plan structure. DoCA is significantly more expensive than a simple CVL (A$4,000–A$15,000) but delivers a fundamentally different outcome: business survival rather than closure. The relevant comparison is DoCA costs against the total economic loss of liquidating a viable business.
4. What is the step-by-step DoCA timeline?
Day 1: VA commences, moratorium begins. Day 8 (approximately): first creditors' meeting — procedural. Days 20–25: second creditors' meeting — creditors vote on DoCA, return to directors, or liquidation. Within 15 business days of vote: deed must be executed under s 444A. Deed term: 1–5 years of scheduled payments. On completion: all deed obligations discharged, company fully returned to directors. If creditors vote against the DoCA at the second meeting, the company moves immediately into liquidation.
5. How does DoCA compare to SBR or liquidation?
DoCA via VA is for companies of any size — there is no debt cap. SBR is limited to companies with total liabilities under A$1 million and allows directors to retain control throughout. Liquidation is terminal — the company closes. DoCA requires creditor approval and involves an independent administrator, but offers the strongest creditor return argument for larger businesses with a viable core. For companies exceeding the SBR threshold with genuine trading prospects, DoCA is typically the most appropriate restructuring tool available under Australian law.
6. Can employees keep their jobs under DoCA?
Yes, in most cases. Unlike liquidation — where all employment contracts terminate on Day 1 — VA and DoCA are designed to preserve the going concern of the business. The administrator decides whether to retain staff based on operational requirements, and going-concern administrations typically retain key employees. Pre-VA employee entitlements (wages, leave) rank as priority creditors. Ongoing employment during and after the DoCA is a core commercial objective of the process, and employee continuity is often cited as a key benefit in the DoCA proposal presented to creditors.
7. Does VA/DoCA stop ATO Director Penalty Notices?
For non-lockdown DPNs — where PAYG withholding, GST, or SGC was reported but unpaid — appointing a VA administrator within 21 days of the DPN being issued completely remits the director's personal liability. The debt then becomes a company liability resolved through the DoCA process. Lockdown DPNs — where obligations were not reported within 3 months of the due date — cannot be remitted by VA or DoCA. The moratorium also prevents the ATO from issuing new DPNs during the VA period. Act within 21 days — there are no extensions.
8. What if creditors reject the DoCA proposal?
If creditors vote against the DoCA at the second creditors' meeting, the company moves automatically into liquidation from that date. There is no interim step and no right of appeal by the directors. A liquidator is appointed and the winding-up process begins immediately. This is why the DoCA proposal must be robust and credibly supported before the vote. Experienced advisers often engage the ATO and major creditors informally before the meeting to gauge support and refine the proposal — a rejected DoCA is a costly and avoidable outcome.
9. Are ATO debts compromised in DoCA?
Yes. Within a DoCA, ATO debts for PAYG withholding, GST, income tax, and SGC are treated as unsecured claims and may be compromised — meaning the ATO agrees to accept less than the full amount in exchange for the certainty and timing of deed payments. The ATO will only agree to a compromise if the deed return demonstrably exceeds its estimated recovery in a liquidation. The ATO is a sophisticated creditor that conducts its own viability assessment. A well-prepared DoCA proposal — with independently reviewed cash flow projections — is essential to secure ATO support.
10. Who controls the company during DoCA execution?
During the VA phase, the administrator controls the company's day-to-day operations — directors' powers are suspended but not extinguished. Once the DoCA is executed and the company moves into the deed phase, directors regain full operational control of the business, subject to the oversight and reporting requirements of the deed administrator. The deed administrator monitors compliance, receives and distributes deed fund contributions, and reports to creditors. Directors do not require deed administrator approval for routine business decisions — only those that would affect the company's ability to meet its deed obligations.
Vedran Maric is a Certified Practising Accountant and founder of BVM Accountants and Business Consultants, based in Sydney, NSW. He holds a Master of Applied Finance and Banking from Western Sydney University and completed his CPA certification through CPA Australia.
Before establishing his own practice, Vedran spent over a decade in senior finance roles at Citibank, where he held positions including Head of Financial Planning and Analysis and Head of Operational Support and Strategy — advising on financial risk, business restructuring, and operational efficiency across the bank’s Australian operations.
He now works with Australian business owners navigating complex financial challenges, including insolvency options, cash flow management, and business restructuring. His corporate banking background gives him a practical, numbers-first perspective on the options available to directors facing financial distress — including Director Penalty Notices, Small Business Restructuring, and Voluntary Administration.
Vedran reviews content on this site for technical accuracy. This content is informational only and does not constitute financial or legal advice.
General Information Disclaimer
The content of this article is provided for general information purposes only. It does not constitute legal, insolvency, tax, or financial advice and is not a substitute for personalised professional advice. The information provided reflects the general framework of the Small Business Restructuring regime under Part 5.3B of the Corporations Act 2001 (Cth) but may not reflect recent legislative amendments, regulatory guidance, or case law. Outcomes in insolvency matters depend entirely on the specific facts of each case.
You should seek personalised advice from a registered liquidator, an insolvency lawyer, or a qualified tax professional before taking any action in relation to your company’s financial position. Nothing in this article should be relied upon as a representation that any particular outcome will be achieved.
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