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:
Other agenda items are:
1. To consider the Report and Statement by the Administrator pursuant to Section 439A(4)(a), (b) and (c) of the Corporations Act, 2001.2. To consider and resolve one of the following proposals for the company's future:(a) That the company enters into a Deed of Company Arrangement pursuant to Section 439C(a) of the Corporations Act (where a deed is proposed);(b) That the administration end, pursuant to Section 439C(b); or(c) That the company be wound up pursuant to Section 439C(c).(d) That the meeting be adjourned. This course of action is recommended.3. To confirm the appointment of the Voluntary Administrator as Liquidator of the company, in the event that a resolution is passed that the company be wound up.4. To consider and approve:The remuneration of the Administrator of the company up to the date of the execution of the Deed if one is accepted by creditors, or alternatively up to the date of the appointment of a Liquidator. The remuneration is to be fixed, in respect of the Administrator and their employees, at the hourly rates of the Administrators' firm consistent with the Statement of Best Practice Remuneration Charging issued by the Insolvency Practitioners Association of Australia; and that the Administrator shall be authorised to draw such remuneration from time to time from monies held by them as Administrator. The remuneration is subject to an interim cap or limit, to be detailed at the creditors' meeting.In addition to remuneration charged on a time basis, creditors will be asked to consider and approve a further fixed fee charge of $1,800 per annum, excluding GST, for each administration, to reflect the compulsory levies imposed by ASIC on insolvency practitioners.5. To consider and approve:The remuneration of the Deed Administrator/Liquidator from the date of execution of the Deed, if accepted, to termination of the Deed or from the date of liquidation to completion. The remuneration is to be fixed in respect of the Deed Administrator/Liquidator and their employees at the hourly rates of the Deed Administrator/Liquidator firm consistent with the Statement of Best Practice Remuneration Charging issued by the Insolvency Practitioners Association of Australia; and that the Deed Administrator/Liquidator shall be authorised to draw such remuneration from time to time from monies held by them as Deed Administrator/Liquidator. The above remuneration is subject to a cap or limit, to be detailed at the creditors' meeting.In addition to remuneration charged on a time basis, creditors will be asked to consider and approve a further fixed fee charge of $1,800 per annum, excluding GST, for each administration, to reflect the compulsory levies imposed by ASIC on insolvency practitioners.6. In the event that a resolution is passed that the company be wound up, to consider and if thought fit authorise the destruction of the books and records following deregistration of the company, subject to the consent of the Australian Securities and Investments Commission.7. To consider any matter which may be properly brought before the meeting.
Creditors wishing to attend are advised proofs and proxies are to be submitted to the Administrator by:
Riad Tayeh - VoluntaryAdministrator