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Notice

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Corporations Act 2001
Subsection 439A(1)
Insolvency Practice Rules (Corporations) 2016 s75-40(1)

NOTICE OF SECOND MEETING OF CREDITORS OF COMPANY UNDER ADMINISTRATION

Company details

Company: UPSIDE REALTY ACT PTY LTD
ACN: 631 617 340
Company: UPSIDE REALTY NSW PTY LTD
ACN: 619 420 807
Company: UPSIDE REALTY QLD PTY LTD
ACN: 632 824 214
Company: UPSIDE REALTY VIC PTY LTD
ACN: 619 421 233
Company: UPSIDE REALTY SA PTY LTD
ACN: 635 214 194
Company: UPSIDE REALTY WA PTY LTD
ACN: 635 214 596
Company: PROPERTY PERFORMANCE MARKETING PTY LTD
ACN: 619 420 834
Status: Administrators Appointed
Appointed: 25 July 2023

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: Smith Hancock Chartered Accountants
Suite 47.04, Level 47, 8 Parramatta Square
10 Darcy Street
PARRAMATTA NSW 2150
Meeting date: 17 August 2023
Meeting time: 11:05AM

(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. 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. if the company is wound up to consider the early destruction of books and records
  5. any other business

Proof of debt and proxies

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

Time: 05:00PM
Date: 16 August 2023

Special instructions

The start times for each of the meetings are as follows:
Upside Realty ACT Pty Ltd - 11:05AM
Upside Realty NSW Pty Ltd - 11:10AM
Upside Realty QLD Pty Ltd - 11:15AM
Upside Realty VIC Pty Ltd - 11:20AM
Property Performance Marketing Pty Ltd - 11:25AM
Upside Realty SA Pty Ltd - 11:30AM
Upside Realty WA Pty Ltd - 11:35AM

Virtual Meeting Technology

Creditors wishing to attend the meeting using virtual meeting technology are advised they can use the following facility to attend the meeting:

Facility Number: Microsoft teams platform
Password: Please contact our office to obtain access to this meeting using virtual meeting technology.


Date of Notice: 10 August 2023

Peter Hillig
Joint Administrator

Erwin Rommel Alfonso
Joint Appointees

Address Smith Hancock Chartered Accountants
Suite 47.04, Level 47, 8 Parramatta Square
10 Darcy Street, Parramatta NSW 2150
Contact person Sascha Xia
Contact number 0288448818
Facsimile
Email saschax@smithhancock.com.au
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