Second Meeting Of Creditors Of Company Under Administration

Ngarluma And Yindjibarndi Foundation Ltd

ACN: 092430361

ABN: 72092430361

Published: 16/4/2018

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

7. To consider a resolution that the internal disbursements of the administrators of Ngarluma and Yindjibarndi Foundation Limited in its own right and as trustee for the Ngarluma And Yindjibarndi Foundation Trust and as trustee for the Roebourne General Good Store Trust (Administrators Appointed) and their firm for the period of the administration be calculated as per the method and rates set out in the remuneration approval report dated 16 April 2018 and approved for payment up to a capped amount of $1,000 plus GST and that payment of internal disbursements incurred can be made on a monthly basis or as required.



8. To consider a resolution that the internal disbursements of the deed administrators of Ngarluma and Yindjibarndi Foundation Limited in its own right and as trustee for the Ngarluma And Yindjibarndi Foundation Trust and as trustee for the Roebourne General Good Store Trust (Administrators Appointed) and their firm for the period of the deed of company arrangement be calculated as per the method and rates set out in the remuneration approval report dated 16 April 2018 and approved for payment up to a capped amount of $1,000 plus GST and that payment of internal disbursements incurred can be made on a monthly basis or as required.



9. That the internal disbursements of the liquidators of Ngarluma and Yindjibarndi Foundation Limited in its own right and as trustee for the Ngarluma And Yindjibarndi Foundation Trust and as trustee for the Roebourne General Good Store Trust (Administrators Appointed) and their firm for the period of the liquidation be calculated as per the method and rates set out in the remuneration approval report dated 16 April 2018 and approved for payment up to a capped amount of $1,000 plus GST and that payment of internal disbursements incurred can be made on a monthly basis or as required.



10. To consider a resolution that the liquidators be authorised to compromise any debt owing to the Company at their discretion and not otherwise be subject to the limitations under section 477(2A) of the Corporations Act 2001.



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



12. If a committee of inspection is appointed for the deed of company arrangement, to consider a resolution that the members of the committee of inspection, and any related entity of those members, be permitted to deal with and provide goods and/or services to the Company and/or its deed administrators in the ordinary course of business for the period of the deed of company arrangement.



13. If the Company is wound up and if a committee of inspection is appointed, to consider a resolution that the members of the committee of inspection, and any related entity of those members, be permitted to deal with and provide goods and/or services to the Company and/or its liquidators in the ordinary course of business for the period of the liquidation.

Mezzanine Level, Bgc Centre

E-mail: jtan@corcordis.com.au