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

7. to determine the internal disbursements of the administrator(S)
8. if it is resolved that the Companies be wound up, consider whether, pursuant to Section 477(2A) of the Corporation Act 2001 (the Act), creditors authorise the liquidators to compromise a debt owed to the Companies over $100,000.
9. if it is resolved that the Companies be wound up, consider whether, pursuant to Section 477(2B) of the Corporation Act 2001, creditors authorise the liquidators to enter into any agreement on the Companies 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 the performance; more than three months after the agreement is entered into.

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

In light of the ongoing COVID-19 pandemic and consistent with legislative amendments, the Second Meetings of Creditors will be held as a Virtual Meeting using Skype technology. Creditors who are wishing to attend the meeting can only do so via Skype teleconference. There will be no capacity to physically attend the meetings. Teleconference facilities will be available to creditors wishing to attend the virtual meetings.

Please note that due to the number of creditors who may dial into the meetings and in order to facilitate proper recording of attendees and voting please:

1. Submit a special proxy no later than 12pm (midday) (AEST) 22 May 2020, being the day before the meetings, to jewelsuppliers@kpmg.com.au to register your vote with your contact details being clearly stated;
2.Note that the meetings may run for a long period of time given the number of entities and resolutions to be considered for each entity and the manner in which they will be addressed; and
3. Creditors utilising the teleconference facilities will be provided the opportunity to make comments and ask questions. Creditors who intend on asking questions at the meetings are asked to clearly state their full name and the name of the creditor/s they are representing prior to asking questions.

Please contact jewelsuppliers@kpmg.com.au by 22 May 2020 to advise that you will be using the teleconference facilities and to be provided with the Skype details and other particulars of how the meeting will be conducted.

James Dampney
Joint Administrator

Peter Gothard and Stephen Parbery
Joint Appointees