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)

At the meeting creditors may consider a resolution:

1. to appoint a committee of inspection and, if so, who are to be the committee members; and
2. to remove the liquidator(s) from office and appoint someone else as liquidator(s) of the Company.

Other agenda items are:

1. To consider the Notice and Report to Creditors dated 4 September 2015;
2. To elect a chairman of the meeting;
3. To consider the Liquidator(s) Declaration of Independence, Relevant Relationships, Prior Engagements and Indemnities enclosed in this notice and Report to Creditors;
4. To consider the Report as to Affairs (RATA) of the Company;
5. To consider a statement to creditors by the Director of the Company, disclosing the affairs of the Company and the circumstances leading up to the winding up;
6. To confirm my appointment as Liquidator or replace me as Liquidator;
7. To consider the appointment and constitution of a committee of inspection, if creditors see fit to appoint such a committee of inspection;
8. Approve the remuneration of the Liquidator to a limit of $20,000, plus GST, beyond which further approval must be sought from creditors or the Court, such amount to be calculated on a time cost basis using hourly rates adopted by Auxilium Partners, and that such remuneration be paid as and when incurred;
9. Pursuant to Section 477(2A) of the Corporations Act 2001, to authorise the Liquidator to be able to compromise debts in excess $100,000;
10. Pursuant to Section 477(2B) of the Corporations Act 2001, to authorise the Liquidator to enter into litigation funding facilities to pursue any legal actions including voidable and insolvent transactions arising from the liquidation;
11. Pursuant to Section 542 of the Corporations Act 2001, to authorise the Liquidator to destroy, at his discretion, 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
12. Any other relevant business.

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

Bob Jacobs
Liquidator