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Corporations Act 2001
Paragraph 439A(3)(b)
Regulation 5.3A.03AB

NOTICE OF SECOND MEETING OF CREDITORS OF COMPANY UNDER ADMINISTRATION

Company details

Company: Locher & Associates Pty Ltd
ACN: 096 051 375
Status: Administrators Appointed
Appointed: 04 July 2016

Meeting details

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:

Location: Karstens SYDNEY (11:00 am aest):
Level 1, 111 Harrington Street
SYDNEY NSW 2000

We will also have ADDITIONAL meeting venues as follows:

Karstens Brisbane (11:00AM AEST):
Level 24, 215 Adelaide Street
Brisbane QLD 4000

Karstens Melbourne (11:00AM AEST):
Level 12, 123 Queen Street
Melbourne VIC 3000

Crowne Plaza ADELAIDE (10:30 AM ACST):
16 Hindmarsh Square
Adelaide SA 5000

the offices of Jirsch Sutherland in WESTERN AUSTRALIA (9:00 AM AWST):
WA Insolvency Solutions
Level 10, 111 St George Terrace Perth WA 6000

The additional meeting venues will be connected though to the Sydney meeting venue via telephone AND/or VIDEO conference. this is for those creditors in various states wanting to attend the meeting.

Creditors are advised that a copy of our notice and report to creditors pursuant to section 439A of the Act dated 29 July 2016 can be downloaded from our website (www.jirschsutherland.com.au). Creditors wishing to receive a copy of our notice and report to creditors by post should contact Mr Vincent Wang of our office on 02 9236 8333.
Meeting date: 08 August 2016
Meeting time: 11:00 AM (AEST)

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

Agenda

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. 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.That the second meeting of creditors of Locher & Associates Pty Ltd be held concurrently with the second meetings of creditors of Xpand Group Pty Ltd, Challenge Recruitment Pty Limited and ACN 072 437 364 Pty Ltd Formerly known as Gel Group Pty Ltd;

    2.To consider the approval of the Joint & Several Administrator(s) remuneration for the Company;

    3.For creditors to resolve that:

    (a) A Deed of Company Arrangement (Deed)/Creditor(s) Trust be executed by the Company; or

    (b) The Administration of the Company should end; or

    (c) That the Company be wound up.

    IN THE EVENT CREDITORS VOTE IN FAVOUR OF THE EXECUTION OF THE DEED/CREDITORS TRUST
    To consider the nomination of a person(s) to be the Deed Administrators/Trustees;
    To consider approval of the Deed Administrator(s)/Trustee(s) remuneration.

    IN The event the Company IS WOUND UP
    To consider the nomination of a person(s) to be Liquidator(s) of the Company;
    To consider approval of the Liquidator(s) remuneration for the Company;
    To consider the appointment and constitution of a committee of inspection for the Company;
    Pursuant to Section 477(2A) of the Corporations Act, to authorise the Liquidators of the Company to be able to compromise debts owed to the Company in excess $100,000;
    Pursuant to Section 477(2B) of the Corporations Act, to authorise the Liquidators of the Company to enter into any litigation funding facilities to pursue any legal actions including voidable and insolvent transactions arising from the liquidation of the Company;
    Pursuant to Section 542 of the Corporations Act, to authorise the Liquidators of the Company to be able to destroy the books and records of the Company within a period of six (6) months after the dissolution of the Company, subject to obtaining prior approval from the Australian Securities & Investments Commission (ASIC); and
    Any other business.

    Proof of debt and proxies

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

    Time: 12:00 noon (AEST)
    Date: 05 August 2016

    Date of Notice: 29 July 2016

    Sule Arnautovic
    Joint Administrator

    Christopher John Baskerville and Glenn Anthony Crisp
    Joint Appointees

    Address JIRSCH SUTHERLAND
    GPO Box 4256, SYDNEY NSW 2001
    Contact person Vincent Wang
    Contact number 02 9236 8333
    Facsimile 02 9236 8334
    Email admin@jirschsutherland.com.au