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

If the Company is to execute a deed of company arrangement:
-To consider the appointment of a committee of inspection and if appointed, who are to be the committee members.
-To consider permitting any committee members to continue dealing with the Company and its creditors on a business as usual basis during the external administration.

If the Company is wound up:
-To consider permitting any committee members to continue dealing with the Company and its creditors on a business as usual basis during the external administration.
-To consider authorising the Liquidators to compromise debts under section 477(2A) of the Corporations Act 2001.
-To consider authorising the Liquidators to enter into agreements that may take longer than three months to complete under section 477(2B) of the Corporations Act 2001.

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

Craig Peter Shepard
Administrator

Leanne Chesser
Joint Appointees