ASIC Published Notices

Notice is given that a meeting of the creditors of the Company, or a 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 resolve:
a) that the Deed of Company Arrangement executed on 20 December 2011 be terminated.
b) that the Company should be wound up under Section 445E of the Corporations Act 2001.

2. To fix the remuneration of the Joint and Several Liquidators, as follows:
'That the remuneration of the Joint and Several Liquidators be calculated on the basis of time spent by the Joint and Several Liquidators, their partners and staff by reference to the scale of hourly rates adopted by Lowe Lippmann Chartered Accountants for insolvency work as set out in the circular to creditors dated 1 November 2012, capped at $75,000 plus applicable GST, with increases in the rates not to exceed CPI plus 10% for any 12 month period commencing 1 July each year and may be paid from time to time as determined by the Joint and Several Liquidators.'
3. If the Company is wound up and a Liquidator appointed:
- To authorise pursuant to Section 477 (2A) of the Corporations Act 2001 the Liquidators to compromise a debt due to the Company.
- To authorise pursuant to Section 477 (2B) of the Corporations Act 2001, the Liquidators to enter into any agreement where the obligations or term under such agreement will be longer than 3 months.
- To authorise the Liquidators to dispose of books and records pursuant to Section 542 of the Corporations Act 2001.
- To consider any other matters that may properly be brought before the meeting.

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

Notice of Meeting of Creditors to Terminate Deed of Company Arrangement

David John Coyne
Deed Administrator

David John Coyne and Gideon Isaac Rathner
Joint Appointees