Meeting Of Eligible Employee Creditors
The Property Gallery International Pty Ltd
Agenda items are:
- to receive and consider a report from the external administrator(s)
- any other business
To resolve that the priorities provided by Sections 556, 560 and 561 in respect of eligible employee creditors will be subject to the following variation:
That eligible employee creditors will not participate in a distribution of the DOCA fund by the Deed Administrators, with all pre-appointment entitlements (excluding superannuation which is payable to the Australian Taxation Office) to be paid by the Company in the ordinary course of business after the execution of the DOCA. Should an employee leave their employment following the execution of the DOCA, the employee?s claim for amounts owed up to the date of the appointment of the Administrators are to be met from the DOCA Fund.