Second Meeting Of Creditors Of Company Under Administration

Boom Lift Pty Ltd

ACN: 163723439

Equipment Plus Pty Ltd

ACN: 111202441

ABN: 71111202441

Maxim Steel Pty Ltd

ACN: 618755534

ABN: 80618755534

Pacific Steel Constructions Pty Ltd

ACN: 100940145

ABN: 60100940145

Prb Fabrication Pty Ltd

ACN: 149985357

ABN: 50149985357

Psc Property Management Pty Ltd

ACN: 100935037

Sydney Management Pty Ltd

ACN: 149985348

ABN: 48149985348

Published: 24/3/2022

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. determine the internal disbursements of the administrators



8. determine the internal disbursements of the liquidators (if appointed)



9. to consider a resolution that the liquidator be authorised to compromise amounts owing to the Company at their discretion and not otherwise be subject to the limitations under section 477(2A) of the Corporations Act 2001.



10. to consider a resolution that the liquidator be authorised to enter into an agreement lasting longer than three months and not otherwise be subject to the limitations under section 477(2B) of the Corporations Act 2001.

Cor Cordis

Sydney NSW 2000
E-mail: jmoy@corcordis.com.au