Second Meeting Of Creditors Of Company Under Administration

Gasparre Holdings Pty Ltd

ACN: 003765419

ABN: 81003765419

Gasparre Investments Pty Ltd

ACN: 606659054

Gasparre Pty Ltd

ACN: 606660833

ABN: 47606660833

Published: 14/9/2017

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:

(a) That the meeting be adjourned.



3. To confirm the appointment of the Voluntary Administrators as Liquidators 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 Administrators 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 Administrators 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 Administrators. 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 $1,200 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 Administrators/Liquidators 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 Administrators/Liquidators and their employees at the hourly rates of the Deed Administrators/Liquidators ' firm consistent with the Statement of Best Practice Remuneration Charging issued by the Insolvency Practitioners Association of Australia; and that the Deed Administrators/Liquidators shall be authorised to draw such remuneration from time to time from monies held by them as Deed Administrators/Liquidators. 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 $1,200 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.

De Vries Tayeh

E-mail: amanuel@dvtgroup.com.au