PART 3PROCESS OF EDUCATION ADMINISTRATION
CHAPTER 4Education Administrator’s reports
Progress reports3.13
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.