Administrator duties include identifying and selling attached assets and verifying investor claims through appointed professionals.

Regulation 7 requires the Administrator, under Recovery Officer direction, to obtain documents from the defaulter, record attached properties and accounts, arrange sale proclamations, open an interest-bearing account for recovery proceeds, sell attached assets, call for and verify investor claims (including forensic auditing), and perform incidental acts with prior approval; the Administrator may engage chartered accountants, registered valuers and registrars to verify claims, value assets and manage repayments, fix fees within Board remuneration limits ensuring no conflict of interest, and submit monthly or ad hoc progress reports to the Recovery Officer.

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