ASIC Published Notices

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

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

Agenda items are:

1. To consider a statement by the Directors about the Company's business, property, affairs and financial circumstances.
2. To consider the circumstances leading to the appointment of the Administrators to the Company, and the various options available to creditors.
3. To consider the First Report and Supplementary Report of the Administrators.
4. To resolve that:
a) The Company execute a Deed of Company Arrangement; or
b) The Company be wound up; or
c) The Administration should end.
5. If it is resolved that the Company be wound up, and an alternate Liquidator is proposed, consider whether creditors wish to appoint the alternate Liquidator.
6. If it is resolved that the Company be wound up, consider whether a Committee of Inspection is to be appointed, and if so, the members of that Committee.
7. If it is resolved that the Company be wound up, consider whether, pursuant to Section 477(2A) of the Corporations Act 2001 (the Act), creditors authorise the Liquidators to compromise a debt owed to the Company up to a maximum limit of $100,000.00.
8. If it is resolved that the Company be wound up, consider whether, pursuant to Section 477(2B) of the Corporations Act 2001, creditors authorise the Liquidators to enter into any agreement on the Company's behalf where:
a) the term of the agreement may end; or
b) obligations of a party to the agreement may, according to the terms of the agreement, be discharged by performance; more than three months after the agreement is entered into.
9. If it is resolved that the Company be wound up, consider whether, subject to obtaining the approval of the Australian Securities & Investments Commission (ASIC) pursuant to Section 70-35 of Schedule 2 to the Act, the books and records of the Company and of the Liquidators may be disposed of by the Liquidators 12 months after the dissolution of the Company or earlier at the discretion of ASIC.
10. To fix the remuneration of the Administrators.
11. If it is resolved that the Company execute a Deed of Company Arrangement, to fix the remuneration of the Deed Administrators.
12. If it is resolved that the Company be wound up, to fix the remuneration of the Liquidators.
13. Any other business that may be lawfully brought forward.

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

Note: Proofs and proxies admitted for voting at the adjourned meeting(s) are valid for the resumed meeting(s)

Due to the threat of COVID-19, and consistent with Government policy on gatherings, a virtual meeting will be held. Creditors wishing to attend should do so by electronic means, there will be no physical location for the meeting. Teleconference facilities will provided to creditors at least one business day prior to the meeting.

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

Morgan John Kelly
Administrator

Phil Quinlan
Joint Appointees