ASIC Published Notices

See Company details (above) for the date of appointment and the section of the Act under which the administrator was appointed.

Notice is given that a first meeting of the creditors of the Company, or a first 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 to consider:

1. whether to appoint a committee of inspection; and
2. if so, who are to be the committee's members.

At the meeting, creditors may also, by resolution:

1. remove the administrator(s) from office; and
2. appoint someone else as administrator(s) of the Company.

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

The purpose of the meeting is for creditors to consider and, if thought fit, pass the following resolutions:

- Subject to them being entitled to seek an increase in either or both the hourly rates or the capped amount, that the remuneration for the period from 9 January 2019 to completion of the Voluntary Administration of the Joint and Several Voluntary Administrators and the persons who will or likely will be assisting them be calculated on a time-cost basis at the rates specified in Annexure C to the Report to Creditors dated 11 January 2019 and determined in an amount capped at $30,000 plus GST and that the Joint and Several Voluntary Administrators be entitled to draw this remuneration as and when work is performed and funds are available.

- Subject to them being entitled to seek an increase in either or both the rates or the capped amount, that the payment by the Joint and Several Voluntary Administrators during the Voluntary Administration of the Company of internal disbursements at the rates specified in Annexure C to the Report to Creditors dated 11 January 2019 be approved up to a capped amount of $2,500 plus GST notwithstanding that Veritas Advisory Pty Ltd may derive a profit or advantage from receiving some of the payments and that the Joint and Several Voluntary Administrators be authorised to pay such disbursements as and when they are incurred or when funds are available.

- That the payment in the manner specified in the Initial Remuneration Notice dated 11 January 2019 by the Joint and Several Voluntary Administrators of one or more amounts towards that part of the ASIC Supervisory Cost Recovery Levy payable by the Joint and Several Voluntary Administrators as is calculated by reference to the notifiable events for the Company be approved notwithstanding that Veritas Advisory Pty Ltd may derive a profit or advantage from the payments.

Creditors wishing to attend by electronic means are advised they can use the following facility:

Creditors wishing to participate in the meeting by using electronic facilities must return to the external administrator not later than the second-last business day before the day of the meeting, a written statement setting out

i. the name of the person and of the proxy or attorney, (if any); and
ii. an address to which notices to the person, proxy or attorney may be sent; and
iii. a method by which the person, proxy or attorney may be contacted for the purposes of the meeting.

David Iannuzzi
Joint Administrator

Vincent Pirina
Joint Appointees