ASIC notice confirms voluntary administration appointment

ASIC’s Published Notices register has recorded a voluntary administration appointment for Future Kids Pty Ltd (ACN 100 749 808), marking the formal commencement of an external administration process under the Corporations Act.

The listing appears as a “Combined notice of appointment and first meeting of creditors of company under administration” for Future Kids Pty Ltd. 

ASIC Published Notices is the official national platform used to publish insolvency and external administration-related notices. These notices were historically published in newspapers and business gazettes, and are now lodged electronically for public access. 

For the early childhood education and care (ECEC) sector, ASIC notices can be an early indicator of significant organisational change for an operating entity, including impacts to staffing, operations, supplier arrangements, and creditor communication processes. An ASIC notice does not, on its own, confirm the operational status of a service site. However, it does confirm that a formal insolvency process has commenced and that administrators have been appointed with legal powers to assess the company’s position.

Voluntary administration is a formal process where an independent administrator is appointed to take control of a company and assess its financial position and options. The administrator’s role typically includes:

• reviewing the company’s affairs and viability
• reporting to creditors
• convening creditor meetings
• recommending an outcome (for example, a deed of company arrangement, liquidation, or returning control to directors)

From the point of appointment, decision-making shifts from the directors to the administrator, subject to the relevant legal framework, and creditor engagement is managed through the administrator’s process and timeframes.

While the ASIC notice itself is the formal publication point, other publicly available industry reporting indicates that Worrells was appointed as voluntary administrator, with the appointment dated 3 February 2026.

A “first meeting of creditors” is a standard step in voluntary administration. It provides creditors with an early opportunity to:

• confirm the appointment
• consider whether to replace the administrator
• form a committee of inspection (in some matters)
• receive initial guidance on next steps and communication channels

The first meeting is typically followed by subsequent creditor communication and, later, a second meeting where creditors consider the administrator’s report and vote on a recommended outcome. Timing and processes can vary depending on the complexity of the matter and court/legislative requirements.

When voluntary administration impacts an operating childcare business, the practical priorities for stakeholders typically include:

For employees:

Confirm who the appointed administrator is and follow the administrator’s communication channels regarding employment status, entitlements, and any ongoing operational directions. Employees may also need to keep records of employment documents and pay history.

For suppliers and landlords:

Ensure invoices, contracts and relevant correspondence are organised and ready for proof-of-debt processes if required. Supplier relationships and service continuity arrangements may change quickly during an administration.

For families and communities:

Where service delivery is disrupted, families may seek clarity on enrolment arrangements, refunds, centre communications and transition support. Regulators may also provide guidance depending on the service approval structures involved. ASIC notices relate to the company entity; education and care approvals are managed through the regulatory authority under the National Quality Framework.

Access the ASIC record here.