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. to consider the appointment of an alternative deed administrator(s) or liquidator(s)
5. 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
6. if the company is wound up to consider the early destruction of books and records
7. any other business

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

Creditors are invited to attend the meeting, however they are not entitled to participate and vote at a meeting unless:

*They have lodged with the Voluntary Administrator particulars of the debt or claim and the claim has been admitted, wholly or in part, for voting purposes by the Voluntary Administrator. If a proof of debt for voting purposes has already been lodged, they do not need to do so again.

*They are either present in person (including attending virtually if virtual meeting) or validly represented by proxy, attorney or an authorised person under s250D of the Corporations Act 2001. If a corporate creditor or represented, a proxy form, power of attorney or evidence of appointment of a company representative pursuant to Section 250D of the Corporations Act 2001 (the Act) must be validly completed and provided to the Voluntary Administrator at or before the meeting.

The virtual meeting will be made available via teleconference facilities. If you or the person you have appointed wish to attend the meeting, they are asked to:
1. Contact Alex Gale of our office on alex.gale@worrells.net.au or 07 5553 3404 for further information.
2. Complete and return the forms by no later than 5.00pm the day prior to the meeting.

Jason Walter Bettles
Joint Administrator

Morgan Lane
Joint Appointees