ASIC Published Notices

Notice is given that a second meeting of the creditors of the Company, or a second meeting for each of the Companies, (for multiple companies), will be held:

(If multiple companies, see special instructions for meeting times)

The purpose of the meeting(s) is:

1. to receive the report by the Administrator(s) about the business, property, affairs and financial circumstances of the Company(ies); and
2. to receive a statement of Administrator(s) opinion and reasons for the opinion:
   1. whether it would be in the creditors' interests for the Company(ies) to execute a deed of company arrangement;
   2. whether it would be in the creditors' interests for the administration to end;
   3. whether it would be in the creditors' interests for the company to be wound up;
3. to receive a statement of such other information known to the administrator as will enable the creditors to make an informed decision about the matters at paragraphs 2(a) – (c) above;
4. to receive details of any transactions that appear to the Administrator(s) to be a voidable transaction in respect of which money, property, or other benefits may be recoverable by a liquidator under part 5.7B of the Act
5. to receive details of any proposed deed of company arrangement; and
6. for the creditors of the Company(ies) to resolve that:
   1. the Company(ies) execute a deed of company arrangement; or
   2. the administration(s) should end; or
   3. the Company(ies) be wound up.

Other agenda items are:

1. to determine the remuneration of the administrator(s)
2. to determine the future remuneration of the administrator(s)
3. to determine the deed administrator(s) and or liquidator(s) future remuneration if appointed
4. if the company is wound up, to consider the appointment of a committee of inspection and, if so, who are to be the committee members
5. if the company is wound up to consider the early destruction of books and records

6. If the Company is wound up, to consider:
(i) a resolution regarding the ability of COI members to derive a profit or advantage despite the operation of IPS 80-55;
(ii) authorising the Liquidator to compromise debts of the Company beyond the prescribed amount of $100,000 under Section 477(2A) of the Corporations Act;
(iii) authorising the Liquidators to enter into agreement that may take longer than three months to complete under Section 477 (2B) of the Corporations Act; and

Creditors wishing to attend are advised proofs and proxies are to be submitted to the Administrator by:

Virtual technology is to be used in holding this meeting. Should you wish to attend by proxy on your behalf, contact the Administrators by email (montrachet@mcgrathnicol.com) or telephone (07) 3333 9800 and you will be provided with detailed instructions on how to attend the meeting. Sufficient information has been provided to persons who are entitled to participate in the meeting by means of technology.

Creditors wishing to attend the meeting using virtual meeting technology are advised they can use the following facility to attend the meeting:

Mark Alfred Holland
Administrator

Anthony Connelly, Jamie Harris
Joint Appointees