The Education Administration Rules 2018

Progress reports

3.13.—(1) The education administrator must prepare a progress report covering the periods of—

(a) six months starting on the date the further education body entered education administration; and

(b) thereafter each subsequent period of six months.

(2) The periods for which progress reports are required under paragraph (1) are unaffected by any change in the education administrator.

(3) However where an education administrator ceases to act, the succeeding education administrator must, as soon as reasonably practicable after being appointed, deliver a notice to the creditors of any matters about which the succeeding education administrator thinks the creditors should be informed.

(4) The education administrator must deliver a copy of each progress report to the registrar of companies and the creditors within one month of the end of the period covered by the report unless the report is a final progress report under rule 3.15.

(5) An education administrator who makes default in delivering a progress report within the time limit in paragraph (4) is guilty of an offence and liable to a fine and, for continued contravention, to a daily default fine as set out in Schedule 1.