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 consider the appointment of an alternative deed administrator(s) or liquidator(s)
2. if the company is wound up to consider the early destruction of books and records

3. That the Liquidator?s remuneration, for the period from 9 September onwards, calculated at the hours spent at the rates detailed in the Initial Remuneration Notice, is approved for payment in the amount of $80,000.00, exclusive of GST, to be drawn in accordance with the Corporations Act from available funds on a periodic basis as determined by the Liquidator.

4. That the Liquidator?s internal disbursements claimed by my firm for the period 9 September onwards, calculated at the rates detailed in the Initial Remuneration Notice, are approved for payment in the amount of $1,000.00, exclusive of GST, to be drawn from available funds on a periodic basis as determined by the Liquidator.

5. Any other business that may be lawfully brought forward.

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

Due to the threat of COVID-19, and consistent with government policy on gatherings, creditors who wish to attend the meeting are expected to attend by electronic means and no physical place of meeting is provided. Creditors who may wish to attend the meeting are requested to contact my office in writing to be provided with virtual meeting details.

Michael Gregory Jones
Administrator