ASIC Published Notices

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

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

Agenda items are:

1. Update on the proposed methodology for quantifying investor losses;

2. Update on the status of the Administrators? investigations;

3. Consideration of a further extension of the convening period;

4. Consideration and approval of the Administrators? remuneration, as follows:

Resolution 1

That the remuneration of the Administrators is approved for the period 19 January 2022 to 30 June 2022 totalling $1,510,114.50 plus GST as set out in the Remuneration Approval Report dated 18 July 2022 to be paid immediately or as funds become available.

Resolution 2

That the remuneration of the Administrators in relation to the creation of the Creditor Portal is approved for the period 1 July 2022 to the completion of the administration up to a maximum totalling $250,000.00 plus GST, as set out in the Remuneration Approval Report dated 18 July 2022 to be paid immediately or as funds become available.

5. Any other business / queries you may have.

Please note that due to the COVID-19 pandemic, we will be holding the Committee of Inspection meeting using virtual meeting technology. All members of the Committee of Inspection will be sent a link to the Microsoft Teams video conference platform prior to the meeting.

Members of the committee are advised proxies should be submitted to the convenor of the meeting by:

Stephen Longley
Administrator