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. any other business

The purpose of the meeting is to consider and if thought fit, vote on the following issues:

a) To receive a report by the Administrators about the business, property, affairs and financial circumstances of the Company;

b) To receive a statement of the Administrators? opinion and reasons for the opinion;

c) Whether to adjourn the meeting (for a maximum of 45 business days);

d) Whether Creditors resolve:

i. That the Company be would up; or
ii. That the Administration should end

e) To fix the remuneration of the Administrators/Liquidators;

f) If the Company is wound up, the appointment of Liquidators;

g) If the Company is wound up, to consider appointing a Committee of Inspection;

h) If the Company is wound up, to consider the destruction of the Company?s books and records; and

i) Any other business.

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

Grahame Ward
Joint Administrator

David Hurst
Joint Appointees