Second Meeting Of Creditors Of Company Under Administration

Specialty Mens Apparel Pty Ltd

ACN: 149766307

ABN: 73149766307

Published: 8/4/2019

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 appointment of a committee of inspection and, if so, who are to be the committee members
  5. if the company is wound up to consider the early destruction of books and records
  6. any other business

7. to determine the internal disbursements of the administrator(s)



8. to determine the future internal disbursements of the administrator(s)



9. to determine the deed administrator(s) and or liquidator(s) future internal disbursements if appointed



10. if the company is wound up, to consider authorising the liquidator(s) to compromise any debts to the company greater than the prescribed amount pursuant to s477(2A) of the Corporations Act 2001



11. if the company is wound up, to consider authorising the liquidator(s) to enter into any agreement on the company ' s behalf involving a term or obligations extending for more than three months pursuant to s477(2B) of the Corporations Act 2001

Kpmg

Perth WA 6837
E-mail: edharry@kpmg.com.au