Uninformed speculation is quite unhelpful.
There is no administrator that has been appointed. The ASIC entry is a result of the entity that sold the Cirrus to the club trying to call on its PPSR securities on three assets the last board managed to allow them encumbrance on, though I hear there is a current legal dispute over this.
The club is more than healthy financially and is not closing anytime in the near or far future.
But please, those of you that are concerned, contact the appointed 'Administrator'.