Meeting Of Eligible Employee Creditors
Ways Phone Pty Ltd (Administrator Appointed)
Agenda items are:
- to receive and consider a report from the external administrator(s)
- any other business
Consider the resolution ?That the eligible employee creditors agree to the non-inclusion in the proposed deed of company arrangement (?DOCA?) to be considered at the meeting of creditors convened on Monday, 22 January 2018 at 9:00AM (AEDT) of a provisions which, absent this resolution, would require by section 444DA(1) of the Corporations Act 2001 (the ?Act?), to the effect that for the purposes of the application by the administrator of the property of the Company coming under his control under the DOCA, the eligible employee creditors will be entitled to a priority at least equal to what they would have been entitled to if the property were applied in accordance with sections 556, 560 and 561 of the Act.