Part 2Further education bodies: insolvency etc
CHAPTER 4Further education bodies: special administration
Introduction to education administration
I115Overview of Chapter
1
This Chapter creates a procedure to be known as education administration.
2
The main features of an education administration are that—
a
it can be used where a further education body is unable to pay its debts or is likely to become unable to pay its debts,
b
the court appoints an education administrator on the application of the appropriate national authority, and
c
the education administrator manages the body's affairs, business and property with a view to avoiding or minimising disruption to the studies of existing students.
I216Objective of education administration
1
The objective of an education administration is to—
a
avoid or minimise disruption to the studies of the existing students of the further education body as a whole, and
b
ensure that it becomes unnecessary for the body to remain in education administration for that purpose.
2
The means by which the education administrator may achieve that objective include—
a
rescuing the further education body as a going concern,
b
transferring some or all of its undertaking to another body,
c
keeping it going until existing students have completed their studies, or
d
making arrangements for existing students to complete their studies at another institution.