Ashford Homes Pty Ltd ACN 009 217 976 Nationwide ...€¦ · berwick locksmiths shop 2, adams lane,...
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1. Circular to creditors-first meeting -AW 27 October 2016 Home Australia Pty Ltd ACN 075 303 767 Ashford Homes Pty Ltd ACN 009 217 976 Nationwide Australian Investments Pty Ltd ACN 077 009 226 Smart Road Property Rentals Pty Ltd ACN 008 038 024 (All In Liquidation) (collectively “the Companies”) Circular to Creditors I advise that Barry Kogan and I were appointed Joint and Several Liquidators of the Companies on 17 October 2016. Meeting of creditors A meeting of creditors must be convened within 11 days of my appointment. The meetings for the Companies will be held concurrently at Travelodge Southbank, Eureka Meeting Room, 9 Riverside Quay, Southbank, Victoria on Thursday, 3 November 2016 at 9:30AM. Registration for the meetings will open at 8:45AM. Accordingly, I attach for the Companies: a statutory notice convening the meeting (Form 529); a Summary of Affairs (Form 509) provided by the Director; a list of creditors; information for attending and voting at a meeting of creditors; a Proof of Debt form (Form 535), along with an information sheet to assist you to complete the form; and a Proxy form (Form 532) and instructions. Attendance and voting requirements Creditors who intend to vote at the meeting are requested to lodge a proof of debt with us prior to the meeting. Creditors who are unable to attend the meeting and wish to be represented, should ensure that either a proxy form, power of attorney or evidence of appointment of a company representative pursuant to section 250D of the Corporations Act 2001 (“the Act”) is validly completed and provided to us prior to the meeting. If a faxed copy of a proxy or power of attorney is provided to us prior to the meeting, the original of the instrument must be received within 72 hours of receipt of the faxed copy. Alternatively, proxy forms can be emailed to [email protected]. Proxy forms lodged via email must be validly executed by signing and scanning the completed form. Corporate creditors who wish to attend the meeting should note that they may only be represented by an individual if that person is validly granted a proxy or power of attorney by that corporation, or appointed as a company representative pursuant to section 250D of the Act.
Transcript of Ashford Homes Pty Ltd ACN 009 217 976 Nationwide ...€¦ · berwick locksmiths shop 2, adams lane,...
1. Circular to creditors-first meeting -AW
27 October 2016
Home Australia Pty Ltd ACN 075 303 767
Ashford Homes Pty Ltd ACN 009 217 976
Nationwide Australian Investments Pty Ltd
ACN 077 009 226
Smart Road Property Rentals Pty Ltd ACN 008 038 024
(All In Liquidation)
(collectively “the Companies”)
Circular to Creditors
I advise that Barry Kogan and I were appointed Joint and Several Liquidators of the Companies on
17 October 2016.
Meeting of creditors
A meeting of creditors must be convened within 11 days of my appointment. The meetings for the
Companies will be held concurrently at Travelodge Southbank, Eureka Meeting Room, 9 Riverside Quay,
Southbank, Victoria on Thursday, 3 November 2016 at 9:30AM. Registration for the meetings will open at
8:45AM.
Accordingly, I attach for the Companies:
a statutory notice convening the meeting (Form 529);
a Summary of Affairs (Form 509) provided by the Director;
a list of creditors;
information for attending and voting at a meeting of creditors;
a Proof of Debt form (Form 535), along with an information sheet to assist you to complete the
form; and
a Proxy form (Form 532) and instructions.
Attendance and voting requirements
Creditors who intend to vote at the meeting are requested to lodge a proof of debt with us prior to the
meeting. Creditors who are unable to attend the meeting and wish to be represented, should ensure that
either a proxy form, power of attorney or evidence of appointment of a company representative pursuant to
section 250D of the Corporations Act 2001 (“the Act”) is validly completed and provided to us prior to the
meeting. If a faxed copy of a proxy or power of attorney is provided to us prior to the meeting, the
original of the instrument must be received within 72 hours of receipt of the faxed copy. Alternatively,
proxy forms can be emailed to [email protected]. Proxy forms lodged via email must
be validly executed by signing and scanning the completed form.
Corporate creditors who wish to attend the meeting should note that they may only be represented by an
individual if that person is validly granted a proxy or power of attorney by that corporation, or appointed as
a company representative pursuant to section 250D of the Act.
Page 2
Proof of debt and proxy forms may be provided to us prior to the meeting or brought to the meeting.
Proof of debt forms can be emailed to [email protected].
Declaration of Independence, Relevant Relationships and Indemnities
In accordance with Section 506A of the Act and the Australian Restructuring, Insolvency and Turnaround
Association (“ARITA”) Code of Professional Practice, a Declaration of Independence, Relevant Relationships
and Indemnities is enclosed for your information.
This declaration discloses information regarding our independence, any prior personal or professional
relationships with the Companies or related parties and any indemnities received in relation to this
appointment.
Remuneration
The Joint and Several Liquidators’ remuneration can only be fixed by resolution of creditors, a resolution of
a committee of inspection or by application to the Court. The resolutions relating to remuneration which
will be put to the creditors at the meeting are detailed in the attached Remuneration Report.
In accordance with section 499 of the Act and the ARITA Code of Professional Practice, a Schedule of
Remuneration Methods and Hourly Rates and detailed Remuneration Report is also enclosed for your
information.
* * * * * * * *
A copy of the “Insolvency information for directors, employees, creditors and shareholders” information
sheet issued by the Australian Securities & Investments Commission (“ASIC”) is enclosed for your
information.
If you require any further information, please contact my office on (03) 9038 3100.
Yours faithfully
Home Australia Pty Ltd and the subsidiary companies listed above (all In Liquidation)
Matthew Caddy
Liquidator
Enclosure(s):
Enclosures listed on the first page of this circular
ASIC Insolvency Information for directors, employees, creditors and shareholders
Declaration of Independence, Relevant Relationships and Indemnities
Schedule of Remuneration Methods and Hourly Rates
Remuneration Report
FORM 529
Corporations Act (2001)
Subregulation 5.6.12 (2)
NOTICE OF MEETING OF CREDITORS OF COMPANY
Home Australia Pty Ltd ACN 075 303 767
Ashford Homes Pty Ltd ACN 009 217 976
Nationwide Australian Investments Pty Ltd ACN 077 009 226
Smart Road Property Rentals Pty Ltd ACN 008 038 024
(All In Liquidation)
(collectively “the Companies”)
Notice is given that a meeting of the creditors of the Companies will be held at Travelodge Southbank, Eureka
Meeting Room, 9 Riverside Quay, Southbank, Victoria at 9:30AM on 3 November 2016 to consider the following:
1. To confirm the appointment of Matthew Caddy and Barry Kogan as Liquidators or to appoint another
person(s) as Liquidator in their place.
2. To consider any matters arising out of the Liquidation.
3. To approve the remuneration of the Liquidators.
4. If thought fit, to appoint a Committee of Inspection.
5. To consider the approval of the Liquidators’ powers to compromise certain debts of the Companies
and to enter into agreements for terms of greater than three months.
6. To authorise the destruction of the books and records of the Companies following the deregistration of
the Companies, subject to the consent of the Australian Securities and Investments Commission being
obtained.
7. To discuss any other relevant business which may arise.
Registration for the meetings will open at 8:45AM.
Dated 27 October 2016
Matthew Caddy
Liquidator
ASIC Form 509 17 January 2011 Page 1 of 2
Australian Securities & Investments Commission
Lodgement details Who should ASIC contact if there is a query about this form?Name
ASIC registered agent number (if applicable)
Company/entity name
ACN/ABN/ARBN/ARSN
Telephone number
Postal address
Email address (optional)
Company detailsCompany name
ACN
Summary of assets and liabilitiesDate to which summary is made upDate
/ / [D D] [M M] [Y Y]
If there is insufficient space in any section of the form, you may attach an annexure and submit as part of this lodgement
Presentation of summary of affairs of a company
Form 509Corporations Act 2001
497(2)(b)(i)
Andrew Wharton
n/a
McGrathNicol
(03) 9038 3100
Level 6, 171 Collins Street, Melbourne VIC 3000 Australia
n/a
41 945 982 761
Ashford Homes Pty Ltd
009 217 976
1 6 1 0 1 6
Ashford Homes Pty Ltd (In Liquidation) - Creditor list
Name Address Amount of claim ($)
A & D CUPIT 27 PINNACLE VIEW, DOREEN VIC 3754 4,629.68
A & J BATH & SPA REPAIRS PO BOX 1101, FRANKSTON VIC 3199 979.00
A & N BRICKLAYING PTY LTD 5 WIMMERA COURT, BERWICK VIC 3806 6,268.46
A & N MARASEA 9,135.13
A & R PRESTIGE TILING 1-2 MIRRING COURT, NARRE WARREN VIC 3804 3,229.11
A TOUCH OF GLASS 2/4 INDUSTRY BOULEVARD, CARRUM DOWNS VIC 3201 52,580.67
A1 BRICK CLEANING 9 KENSINGTON CIRCLE, DERRIMUT VIC 3030 5,112.20
ACTIVE PROPERTY SERVICES 4/184 PIER ST, PERTH WA 6000 503.8
AGI INSULATION PO BOX 644, BALCATTA WA 6914 129,311.57
AGL SALES PTY LIMITED LOCKED BAG 20024, MELBOURNE VIC 3001 281.03
AIM HIRE PO BOX 332, BAYSWATER VIC 3153 30,568.36
ALLWALL JOINTSEALING PTY LTD 925 DANDENONG ROAD, MALVERN VIC 3145 6,306.90
ALPHERA FINANCIAL SERVICES 783 SPRINGVALE ROAD, MULGRAVE VIC 3170 Not quantified
ANDREWS, MAL Not quantified
AP BRICKLAYER PTY LTD 16 ABERCAIRN COURT, DEER PARK VIC 3023 2,860.00
ATLITE SKYLIGHTS 27 KEMBLA STREET, CHELTENHAM VIC 3192 544.50
AUS CARPENTRY VIC PTY LTD 24 A BUCH AVENUE, EPPING VIC 3076 7,304.00
AUSTRAL BRICKS PO BOX 6550, WETHERILL PARK NSW 1851 85,248.34
AUSTRALIAN TAXATION OFFICE PO BOX 9990, ALBURY NSW 2640 19,541.39
AXA GENERATIONS LEVEL 3, 447 COLLINS STREET, MELBOURNE VIC 3000 9,119.76
BANAT CABINET PTY LTD 69 ANCONA DRIVE, MILL PARK VIC 3082 22,380.33
BEAUMONT TILES PO BOX 33, ARCHERFIELD QLD 4108 6,009.62
BERNARD, BRETT PHILIP Not quantified
BERWICK LOCKSMITHS SHOP 2, ADAMS LANE, BERWICK VIC 3806 919.50
BETON PTY LTD P.O. BOX 2187, TAYLORS LAKES VIC 3038 500.00
BIG VIC BRICK CLEANING SERVICE 1A GLEN VISTA DRIVE, NARRE WARREN NORTH VIC 3804 1,078.55
BMG MET-ALL PTY LTD 1/158 CANTERBURY ROAD, BAYSWATER NORTH VIC 3153 68,884.22
BOJAN VUKOSAVLJEVIC 17 CARDAMON AVENUE, HALLAM VIC 3803 27,299.67
BORAL CSR BRICKS PTY LTD TRINITI 3, 39 DELPHI ROAD, NORTH RYDE NSW 2113 6,263.52
BOWENS PO BOX 1377 VESPER DRIVE, NARRE WARREN VIC 3805 89,025.49
BP AUSTRALIA PTY LTD GPO BOX 5222BB, MELBOURNE VIC 3001 2,015.24
BRETT BERNARD 590.00
BRICK SQUAD 17 HARVARD STREET, CRANBOURNE WEST VIC 3977 10,358.06
BRISTILE ROOFING PO BOX 3040, DARRA QLD 4076 88,185.69
BT LIFETIME SUPERANNUATION GPO BOX 2675, SYDNEY NSW 2001 439.42
BUILD GROUP CARPENTERS 61 SALTLAKE BOULEVARD, WOLLERT VIC 3750 3,949.15
BUILDOZ CARPENTRY 1/7 INTREPID STREET, BERWICK VIC 3806 5,852.67
BUNNINGS BUILDING SUPPLIES PTY LTD PO BOX 160, WELSHPOOL WA 6986 2,504.80
CANNON HYGIENE AUSTRALIA PTY LTD PO BOX 5741, ST GEORGES TCE WA 6831 855.13
CAPRICE PLASTER PO BOX 639, BEACONSFIELD VIC 3807 110,045.89
CARPET CALL VIC P.O. BOX 166, MULGRAVE VIC 3170 31,448.00
CAT RENDERING SERVICES 5 BLAIMORE WAY, MERNDA VIC 3754 2,912.00
CENTRAL SIGN CO. PO BOX 4286, DANDENONG VIC 3164 3,423.60
CHABAN, ALI Not quantified
CHRIS COOKE CARPENTRY 99 GRETEL GRV, MELTON VIC 3337 176.00
CHRISTINE CHU 752.50
CITISIDE PLASTERERS & RENDERERS 7 WISTERIA LANE, CAROLINE SPRINGS VIC 3023 1,760.00
CITY LINK PRIVATE BOX 14844, MELBOURNE MAIL CENTRE VIC 8299 440.70
CITY OF MARIBYRNONG PO BOX 58, FOOTSCRAY VIC 3011 98.60
CITY OF WHITTLESEA LOCKED BAG 1, BUNDOORA MDC VIC 3083 4,357.04
CITY WEST WATER LOCKED BAG 350, SUNSHINE VIC 3020 130.35
CIVIC COMPLIANCE VICTORIA G.P.O BOX 2041, MELBOURNE VIC 3001 152.00
COBRA PLUMBING PO BOX 920, PAKENHAM VIC 3810 12,972.85
COLLIER HOMES PTY LTD 428 SCARBOROUGH BEACH ROAD, OSBORNE PARK WA 6017 7,967.80
COLLINS, LAURA Not quantified
COMMISSIONER OF STATE REVENUE STATE REVENUE OFFICE GPO BOX 1680, MELBOURNE VIC 3001 23,758.69
DANIEL ASSAAD 780.00
DAVCOS BRICKLAYING & CONSTRUCTION 15 PLUM STREET, CRAIGIEBURN VIC 3064 327.80
DAVEPLAS PTY LTD FACTORY 10/50 CAMP RD, BROADMEADOWS VIC 3047 15,190.00
DERMISHA FAMILY TRUST 2 KING ST, LALOR VIC 3075 22,589.43
DIAMOND VALLEY MOBILE CRANE HIRE PTY LTD 5 BROCK STREET, THOMASTOWN VIC 3074 1,287.00
DIG `EM' UP EXCAVATIONS UNIT 1 , 5 GORDON STREET, CRANBOURNE VIC 3977 11,865.50
DOMAIN LOCKSMITHS 18 MUSGROVE CRT, GREENSBOROUGH VIC 3088 643.50
DOUGLAS BLANE 2,271.50
EARTHLIFT EXCAVATIONS 2 BURGESS ROAD, BAYSWATER NORTH VIC 3153 1,838.10
ECLIPSE SECURITY SYSTEMS P/L UNIT 1, 54-56 CENTRE ROAD, HALLAM VIC 3803 3,893.99
Ashford Homes Pty Ltd (In Liquidation) - Creditor list
Name Address Amount of claim ($)
ECONVEY LICENSED CONYEYANCING SPECIALISTS PO BOX 682, MORNINGTON VIC 3931 200.00
ESSENTIAL SUPER 18 KENDALL ROAD, CASTLE COVE NSW 2069 3,887.22
EVOLUTION ELECTRICAL PTY LTD NO.5 TELOPEA PLACE, HILLSIDE VIC 3037 14,615.15
FINN SETOUTS P.O. BOX 5067, WONGA PARK VIC 3115 5,874.00
FLEXITRAY AUSTRALIA PTY LTD FACTORY 1 / 9 DANAHER DRIVE, SOUTH MORANG VIC 3754 21,742.61
FORMFILE RECORDS MANAGEMENT GROUP PO BOX 716, EAST BENTLEIGH VIC 3165 161.92
GALBALLY & OBRYAN LAWYERS 259 WILLIAM ST, MELBOURNE VIC 3000 3,577.68
GCOMM PTY LTD P.O BOX 609, SURFERS PARADISE QLD 4217 1,960.18
GINGKO INTELLIGENCE PO BOX 1037, THORNBURY VIC 3071 15,626.60
GLIDEROL INTERNATIONAL PTY LTD PO BOX 4101, DANDENONG SOUTH VIC 3164 27,005.32
GRANT THORNTON GPO BOX 1270, ADELAIDE SA 5001 14,300.00
GROUND CONTROL CONCRETING PTY LTD 3 CREEK CLOSE, HASTINGS VIC 3915 81,507.23
GROUP FOUR BUILDING SURVEYORS PTY LTD LVL 1, 12 HARDNER ROAD, MOUNT WAVERLEY VIC 3149 29,256.55
HANNING WYLIE PTY LTD TAS GRACE WEBSTER RECRUITMENT LEVEL 1, 276 HIGH STREET, KEW VIC 3101 18,480.00
HARDINGS HARDWARE PTY LTD PO BOX 223, RESERVOIR VIC 3073 11,376.77
HARVEY NORMAN COMMERCIAL DIVISION 4 CENTRAL BLVD, PORT MELBOURNE VIC 3207 2,829.41
HGP LUBBERINK 6 GANAWAY DRIVE, BERWICK VIC 3806 3,473.50
HIA INSURANCE SERVICES P O BOX 4897VV, MELBOURNE VIC 3001 20,642.14
HODGES, PETER Not quantified
HOSTPLUS LOCKED BAG 3, CARLTON SOUTH VIC 3053 6,577.70
HRGOTA, SHARNE Not quantified
HUME CITY COUNCIL BUILDING & WORKS DEPARTMENT PO BOX 119, DALLAS VIC 3047 5,013.47
IMSCAN TECHNOLOGIES 15 MORAY STREET, SOUTHBANK VIC 3006 4,060.07
INDUSTRY FUNDS CREDIT CONTROL PO BOX 13275, LAW COURTS, MELBOURNE VIC 8010 Not quantified
INFOTRACK PTY LTD LEVEL 8, 135 KING STREET, SYDNEY NSW 2000 28.90
INTRAX CONSULTING ENGINEERS PTY LTD 35 BANK ST, SOUTH MELBOURNE VIC 3205 36,059.48
JASON ELSO 3,241.88
JESIEL WELLARD 1,323.64
JMFT PTY LTD 8 CLIPPER QUAY, SAFETY BEACH VIC 3936 13,275.00
JUSTEEL UNIT 35, 41-49 NORCAL ROAD, NUNAWADING VIC 3131 69,179.08
KATANA FOUNDATIONS AUSTRALIA PTY LTD UNIT 2, 2-4 GALLIPOLI ST, SMEATON GRANGE NSW 2567 21,232.90
KONICA MINOLTA 441 ST KILDA ROAD, MELBOURNE VIC 3004 Not quantified
LA MCLEOD 6,185.30
LAID BY ADGE BRICKLAYING 1 JACKSON STREET, RESERVOIR VIC 3073 700.00
LOVELIGHT 35-37 MOUNT STREET, PRAHRAN VIC 3181 9,133.00
MADDOCKS TRUST ACCOUNT C/- MADDOCKS LAWYERS DX259, MELBOURNE VIC 3000 825.00
MAL ANDREWS 122.00
MARELLE CONSTRUCTIONS 20 STATION CRESCENT, BAXTER VIC 3911 3,646.00
MARK PALMER 11,332.00
MAROONDAH HEATING & COOLING PO BOX 1240, CROYDON VIC 3136 13,315.50
MATIC ELECTRICAL PTY LTD P.O BOX 7120, NOBLE PARK VIC 3174 12,450.90
MATTHEW MORELLI T/A NRG EFFICIENT HOMES C/O 441 CANTERBURY ROAD, SURREY HILLS VIC 3127 4,675.00
MAX BEAMES 614.60
MC KENNA HAMPTON INSURANCE BROKERS PTY LTD PO BOX 204, WEST PERTH WA 6872 2,920.00
MCMILLAN HEATING & COOLING PO BOX 303, HALLAM VIC 3803 8,974.36
MELBOURNE TILING AND WATERPROOFING GROUP 13 STRADBROKE GARDENS, CAROLINE SPRINGS VIC 3023 3,532.18
MELSTEEL PTY LTD 132-134 ABBOTT RD, HALLAM VIC 3803 7,307.30
MELTON SHIRE COUNCIL P.O BOX 21, MELTON VIC 3337 1,045.20
MERIDIAN PEST MANAGEMENT PO BOX 10006, FRANKSTON VIC 3200 3,595.90
MF RENOVATIONS 512 SHEFFIELD ROAD NORTH, MONTROSE VIC 3765 484.00
MICROMEDIA ADVERTISING ~ DESIGN PO BOX 4066, SWAN VIEW WA 6056 9,269.50
MOMENTUM ENERGY PTY LTD GPO LOCKED BAG 2930, MELBOURNE VIC 3001 869.00
MONJON PO BOX 135, HAMPTON VIC 3188 1,504.96
MOOVEN MILK PTY LTD 12 HOWARD RD, DINGLEY VILLAGE VIC 3172 83.60
MR & MRS ALESSI Not quantified
MR & MRS ANAND Not quantified
MR & MRS ANDERSON Not quantified
MR & MRS ANDERSON Not quantified
MR & MRS APPEL Not quantified
MR & MRS ATKIN Not quantified
MR & MRS BALEHOSUR Not quantified
MR & MRS CAHILL Not quantified
MR & MRS CASSAR Not quantified
MR & MRS CEYLAN Not quantified
MR & MRS COLAKIDIS Not quantified
MR & MRS COOMBE Not quantified
Ashford Homes Pty Ltd (In Liquidation) - Creditor list
Name Address Amount of claim ($)
MR & MRS CUSIMA Not quantified
MR & MRS DOLLEY Not quantified
MR & MRS DRAPER Not quantified
MR & MRS FAILLA Not quantified
MR & MRS FRIGO Not quantified
MR & MRS GIULLIANI Not quantified
MR & MRS GLOGOLIA Not quantified
MR & MRS GUPTA Not quantified
MR & MRS HALES Not quantified
MR & MRS HALL Not quantified
MR & MRS JONES Not quantified
MR & MRS LEWIS Not quantified
MR & MRS LOPEZ Not quantified
MR & MRS LORENZ 1,690.00
MR & MRS LORENZ Not quantified
MR & MRS MICHAUD Not quantified
MR & MRS MILLS Not quantified
MR & MRS MISTRY Not quantified
MR & MRS NAVARATNE Not quantified
MR & MRS OVERTON 2,500.00
MR & MRS PARKER Not quantified
MR & MRS POWELL Not quantified
MR & MRS RIVERA Not quantified
MR & MRS ROCHWANI Not quantified
MR & MRS ROSEMAIN Not quantified
MR & MRS SEPULVEDA Not quantified
MR & MRS SETTERFIELD Not quantified
MR & MRS SIOULAS Not quantified
MR & MRS STACKPOLE Not quantified
MR & MRS STANKOVIC Not quantified
MR & MRS TEMPEST Not quantified
MR & MRS TRAJKOVSKI Not quantified
MR & MRS TRAJKOVSKI Not quantified
MR & MRS VIRPARIA Not quantified
MR & MRS WARTON 2,500.00
MR & MRS WHITTAM Not quantified
MR ABEL Not quantified
MR AD ABDULLAH AL & MS TISTI Not quantified
MR AHAMED & MS AHMED Not quantified
MR BAKAI Not quantified
MR BALA & MS SHARMA Not quantified
MR CAVANAGH & MS WANG Not quantified
MR CHAROENSUK & MS GLANVILLE Not quantified
MR DAVID Not quantified
MR DAVID RAJ & MS BALASUNDARAM Not quantified
MR DE KLERK & MS WILKS Not quantified
MR DEAGAN & MS MUCHINO Not quantified
MR DHILLON Not quantified
MR FIGUEIRA & MS BASTOS 2,136.00
MR FOWLER Not quantified
MR GLENN S WHITE 330.00
MR GREENALL & MS DAVIS Not quantified
MR HANS & MS SIDHU Not quantified
MR HARDING & MS ONEILL-HARDING Not quantified
MR HARTY & MS MARKEY Not quantified
MR HASSAN & MS MOZAMMEN Not quantified
MR HAYNES & MS LAWRIE Not quantified
MR HINES & MS HANLEY Not quantified
MR JAGADISH & MS MOHAN Not quantified
MR JOSE & MS JOY Not quantified
MR JUNEJA & MS SONIK 7,500.00
MR JUNEJA & MS SONIK Not quantified
MR KODIKARA & MS DOLAMULLAGE Not quantified
MR MARSDEN & MS LIU Not quantified
MR MCEVOY & MS ANSTEE Not quantified
MR MION & MS DI VITA Not quantified
Ashford Homes Pty Ltd (In Liquidation) - Creditor list
Name Address Amount of claim ($)
MR MISHRA & MS SHARMA Not quantified
MR NALATAMBI & MS GOPAL Not quantified
MR NGUYEN & MS TRAN Not quantified
MR NGUYEN & MS TRAN Not quantified
MR PAL Not quantified
MR PARIKH Not quantified
MR PATEL Not quantified
MR PAYNE & MS BARNES Not quantified
MR PELUSO Not quantified
MR PERA & MS MOHAMED ANWER HUSSAIN Not quantified
MR PLUMBE & MS LOMAS Not quantified
MR POH & MS TUAN Not quantified
MR PORTER & MS HOLM Not quantified
MR PRASAD & MS KUAR Not quantified
MR REDDY & MS KARNAM Not quantified
MR SAVINOV & MS BASNET Not quantified
MR SHUKLA Not quantified
MR SINGH Not quantified
MR SINGH Not quantified
MR SUTHERLAND & MS QUICK Not quantified
MR TAN & MS LIEW Not quantified
MR UDAGE & MS MAHA GAMAGE Not quantified
MR VISAGIE & MRS FIGUEROA Not quantified
MR WALDRON & MS THOMPSON Not quantified
MR WANGAMBE & MS MUNENE Not quantified
MR WARD & MS FAIRLEY Not quantified
MR WHITE & MS KNOWLES Not quantified
MR ZEVEN Not quantified
MR. SINNATHAMBY KAILAINATHAN 4,000.00
MRT PROPERTY MAINTENANCE 29 PINNACLE VIEWS, DOREEN VIC 3754 11,520.71
MS & MS LIU Not quantified
MS BANAK Not quantified
MS CHANGTIME Not quantified
MS CRELLIN Not quantified
MS ERZEN Not quantified
MS FERGUSON Not quantified
MS GEESON Not quantified
MS HUSSAIN 3,556.00
MS HUSSAIN 3,700.00
MS JONES & MS WATSON Not quantified
MS KEE Not quantified
MS LUK-TANG Not quantified
MS MORRISON Not quantified
MS MURKUTE Not quantified
MS NEILSEN Not quantified
MS NGUYEN Not quantified
MS PETRUSEVA Not quantified
MS PETRUSEVA Not quantified
MS S FAVA 2,310.00
MS STEWART Not quantified
MS SUNIARA Not quantified
MS TAYLOR Not quantified
MS THOMAS & MS FIELD Not quantified
MS WIDDOWSON Not quantified
MS YUAN & MR STEVANOVSKI Not quantified
NATIONAL AUSTRALIA BANK LIMITED GROUP STRATEGIC BUSINESS SERVICES, LEVEL 34, 500 BOURKE STREET, MELBOURNE VIC 3000 11,346,809.78
NATIONWIDE AUSTRALIAN INVESTMENTS 1294 NORTH EAST ROAD, TEA TREE GULLY SA 5091 47,271.00
NETWIDE SOLUTIONS PTY LTD PO BOX 3332, VICTORIA GARDENS VIC 3121 7,965.00
NORTHERN FASCIA PTY LTD P.O. BOX 504, KILMORE VIC 3764 13,359.95
NORTHERN STEELWORKS 6A LAWN CRT, CRAIGIEBURN VIC 3064 1,815.00
NORTHTECH LOCKSMITHS P.O. BOX 1371, EPPING VIC 3076 1,814.45
ON Q PLUMBING & EXCAVATIONS PTY LTD 68 RUSHWOOD DR, CRAIGIEBURN VIC 3064 10,354.22
ORCLA PTY LTD P.O. BOX 2396, HAWTHORN VIC 3122 750.00
OTTO PAINTING SERVICES PTY LTD 8-38/40 GLADSTONE PARADE, GLENROY VIC 3046 10,437.77
PACIFIC LEADER PTY LTD 25 VILLAWOOD AVENUE, ROXBURG PARK VIC 3064 1,265.00
PEJIC, STEPHANIE Not quantified
Ashford Homes Pty Ltd (In Liquidation) - Creditor list
Name Address Amount of claim ($)
PEUKER & ALEXANDER P/L 79-83 CAPITOL LINK DRIVE, CAMPBELLFIELD VIC 3061 159,028.65
PILING SYSTEMS PTY LTD 32 ENTERPRISE WAY, SUNSHINE WEST VIC 3020 -
PRESTIGE MARKETING SUITES AUSTRALIA LEVEL 2, 4 RIVERSIDE QUAY, SOUTHBANK VIC 3006 5,995.00
PRISM BUILDING P/L 17A MIRANDA CLOSE, TORQUAY VIC 3228 1,870.50
PROTEK BUILDING SURVEYING PO BOX 514, RINGWOOD VIC 3134 495.00
PSI GLOBAL GROUND FLOOR, 12 HARDNER ROAD, MOUNT WAVERLEY VIC 3149 16,540.10
PUMPA, LANA Not quantified
PWF & JP HILL 205 RENDELL ROAD, NEERIM EAST VIC 3831 2,908.02
QBE WORKERS COMPENSATION (VIC) LIMITED GPO BOX 4725, MELBOURNE VIC 3001 10,549.54
QUICK CORPORATE AUSTRALIA PTY LTD PO BOX 250, BELMONT WA 6984 2,378.22
R THORPE ELECTRICAL FACTORY 7, 10-14 ADVANTAGE ROAD, HIGHETT VIC 3190 13,207.70
RAY WHITE BUNDOORA 1344-1346 PLENTY ROAD, BUNDOORA VIC 3083 409.00
RELUX SLABS LEVEL 1, 33 GLENFERRIE ROAD, MALVERN VIC 3144 43,048.30
RISTOVSKI GROUP PTY LTD T/A SOIL WORX 987 BALLARAT ROAD, DEER PARK VIC 3023 136.40
RIZZO ELECTRICAL CONTRACTING P/L 22 FISHER GROVE, TULLAMARINE VIC 3043 1,432.20
RJ BEAUMONT & CO PTY LTD PO BOX 33, ARCHERFIELD QLD 4108 47,761.12
ROB CRAIGHEAD 4,321.49
RODRIGUES, NEVLIN Not quantified
ROSEWOOD PAINTING PTY LTD 27 WILDWOOD AVENUE, VERMONT SOUTH VIC 3133 4,653.59
RUSHWORTH, CAMERON Not quantified
RYAN PETERS 2,508.00
SCRUBZ 14 HAWKSTONE ROAD, WYNDHAM VALE VIC 3024 3,256.00
SEEK LIMITED LEVEL 6, 541 ST KILDA ROAD, MELBOURNE VIC 3004 710.60
SELECT TIPPERS PO BOX 205, BEVERIDGE VIC 3753 10,740.95
SHERRY, BRUCE Not quantified
SHUKER, JAMIE-LEE GRACE Not quantified
SIX STAR PROJECT SOLUTIONS PTY LTD 2/17 ENTERPRISE DRIVE, BERWICK VIC 3806 3,203.86
SLATE DISCOUNTS 2/12 PRINCES HIGHWAY, DOVETON VIC 3177 3,319.00
SNAP CAMBERWELL 689 BOURKE ROAD, CAMBERWELL VIC 3124 361.50
SOUTH EAST WATER LOCKED BAG 1, MOORABBIN VIC 3189 4,219.24
SPLENDOR KITCHENS PTY LTD 62 POPES ROAD, KEYSBOROUGH VIC 3173 588.50
STAPLES AUSTRALIA PTY LTD PRIVATE BAG 16, ALEXANDRIA NSW 1435 429.39
STATE REVENUE OFFICE GPO BOX 2961, MELBOURNE VIC 3001. 2,725.00
STELATEL COMMUNICATIONS PTY LTD 6 SHERLOWE COURT, BENTLEIGH EAST VIC 3165 4,834.50
SUNCORP WEALTHSMART PO BOX 2585, BRISBANE QLD 4001 7,046.05
SUPERIOR BRICKWORK 18 MILNERS ROAD, YARRA JUNCTION VIC 3797 3,080.00
SURREY HILLS LICENSED POST OFFICE 100 UNION ROAD, SURREY HILLS VIC 3127 20.00
SV ECHO PAINTING PTY LTD 4 KENNEDY STREET, KEILOR VIC 3036 15,604.58
TAUBMANS PO BOX 204, CHESTER HILL NSW 2162 2,979.50
TIMBARRA SECURITY DOORS & SCREENS FACTORY 17 3-11 BATE CLOSE, PAKENHAM VIC 3810 3,369.68
TIMBERTRUSS PTY LTD PO BOX 672, BELMONT VIC 3216 102,987.50
TNT PLUMBING PO BOX 60, CRANBOURNE VIC 3977 247.50
TOPFORM STONE ART PTY LTD 25 STRONG AVENUE, THOMASTOWN VIC 3074 14,154.58
TPG INTERNET PTY LTD 65 WATERLOO RD, NORTH RYDE NSW 2113 657.80
TREND WINDOWS 92 CANTERBURY ROAD, NORTH BAYSWATER VIC 3153 74,364.51
TREVOR SASMAN BRICKCLEANING 12 JORD RODNEY DRIVE, PATTERSON LAKES VIC 3197 392.15
VIC PLUMBING & DRAINAGE 42 LANGMORE DRIVE, HILLSIDE VIC 3037 995.50
VR ELSO T/A V&L BUILDING SERVICES 11 FAIRFIELD ST, CRANBOURNE VIC 3977 1,846.03
VT GROUP (AUST) PTY LTD 59 LOGISTICS ST, KEILOR PARK VIC 3042 302.50
WAREHAM, RACHEL Not quantified
WATSON, MALCOLM ROBERT Not quantified
WESTERN WATER PO BOX 2371, SUNBURY DC VIC 3429 312.31
WESTSIDE TEMPORARY FENCING 7 PLAYFIELD COURT, MELTON VIC 3337 17,942.78
WILSON COLMAN & CO PTY LTD 1294 NORTH EAST ROAD, TEA TREE GULLY SA 5091 17,846.90
WYNDHAM CITY COUNCIL PO BOX 197, WERRIBEE VIC 3030 3,351.42
YARRA VALLEY WATER GPO BOX 2753, MELBOURNE VIC 3001 5,354.86
Home Australia Pty Ltd ACN 075 303 767
Ashford Homes Pty Ltd ACN 009 217 976
Nationwide Australian Investments Pty Ltd ACN 077 009 226
Smart Road Property Rentals Pty Ltd ACN 008 038 024
(All In Liquidation)
(collectively “the Companies”)
General Information for Attending and Voting at Meetings of Creditors
Time and Place of Meeting
Pursuant to Corporations Regulation (“Regulation”) 5.6.14 a meeting of creditors must be convened at a time and place most convenient for the majority of creditors entitled to receive notice of the meeting.
Quorum
Pursuant to Regulation 5.6.16 a meeting must not act for any purpose except:
– the election of a chairperson; and
– the proving of debts; and
– the adjournment of the meeting:
unless a quorum is present.
A quorum is deemed to be present if at least 2 (two) creditors are present at the meeting in person, by
proxy, by power of attorney or participating by telephone.
A meeting is sufficiently constituted if only one person is present in person if the person represents
personally or by proxy or otherwise a number of persons sufficient to constitute a quorum.
Chairperson
Pursuant to Section 497(8) of the Corporations Act 2001, the creditors may appoint one of their number or the director who attends the meeting as Chairperson of the meeting.
Voting
Pursuant to Regulation 5.6.23 creditors will not be eligible to vote at the meeting unless they have lodged
particulars of their debt or claim prior to or at the meeting.
Accordingly, creditors who intend to vote at the meeting should ensure that they lodge a formal proof of
debt with the company prior to or at the meeting.
Pursuant to Regulation 5.6.19 all resolutions put to the meeting will be decided on the voices unless a poll
is demanded, before or on the declaration of the result of the voices.
A poll may be demanded by:
– the chairperson; or
1
– at least 2 (two) persons present in person, by proxy, by power of attorney or participating by
telephone and entitled to vote at the meeting; or
– a person present in person, by proxy, by power of attorney or participating by telephone and
representing not less than 10% of the total voting rights of all persons entitled to vote at the
meeting.
Pursuant to Regulation 5.6.21, should a poll be demanded:
– a resolution will be carried if a majority in number and a majority in value vote in favour of the
resolution; and
– a resolution will be lost if a majority in number and a majority in value vote against the proposed
resolution.
In the event of a deadlock, the chairperson may exercise a casting vote. In such situations, the minutes of the meeting must specify the chairperson’s reasons for exercising, or not exercising, their casting vote.
Proxies
Pursuant to Regulation 5.6.28 creditors who are entitled to attend and vote at the meeting may appoint a
natural person over the age of 18 years as their proxy to attend and vote at the meeting on their behalf.
Accordingly, creditors who are unable to attend the meeting but who wish to be represented should ensure that a validly executed proxy form is lodged with the company prior to or at the meeting.
Pursuant to Regulations 5.6.28 and 5.6.36A creditors may lodge a facsimile copy of a proxy form with the
company prior to the meeting, however, the original of the instrument must be received by the company
within 72 hours of receipt of the faxed copy.
Pursuant to Regulations 5.6.28, 5.6.29 and 5.6.31 creditors may lodge a proxy form with the company prior
to the meeting by electronic means, however electronic lodgement will only be possible where the
convenor has specified an electronic address or other electronic means on the proxy form. Proxy forms
lodged via electronic means must be validly executed by signing and scanning the form.
Pursuant to Regulation 5.6.32 a person may, should they so desire, appoint the Chairperson by name or by
reference to his or her office to act as his, her or its general or special proxy.
Pursuant to Regulation 5.6.33 special proxies, but not general proxies, can be used to vote in favour of any
resolution that would directly or indirectly place the holder of the proxy (or any partner or employee of
that person) in a position to receive any remuneration out of the assets of the company, except as an
ordinary unsecured creditor.
Corporate Creditors
Corporate creditors who wish to attend the meeting should note that they may only be represented by an individual if that person is validly granted a proxy or power of attorney by that corporation.
Alternatively, Section 250D of the Corporations Act 2001 provides that a corporation may, by resolution of its board, provide a standing authority for a specified person to represent the corporation at specified meetings of creditors. A copy of any such resolution should be provided to the company prior to or at the meeting.
2
Committee of Inspection
Pursuant to Section 548 of the Corporations Act 2001, a person may only serve as a member of a Committee of Inspection if the person is:
a creditor or contributory of the company personally; or
the attorney of a creditor or contributory under a general power of attorney; or
authorised in writing by a creditor or contributory.
Corporate creditors who are members of a Committee of Inspection may be represented by:
an officer or employee of the member; or
an individual authorised in writing by the member to represent the member on the committee.
3
* Strike out this section if this proof is made by the creditor personally.
Australian Company Number: 009 217 976
FORM 535
Subregulation 5.6.49(2)
Corporations Act (2001)
FORMAL PROOF OF DEBT OR CLAIM
(GENERAL FORM)
To the Liquidators of Ashford Homes Pty Ltd (In Liquidation)
1. This is to state that the company was on 17 October 2016 (date of court order in winding up by the Court, or date of
resolution to wind up, if a voluntary winding up), and still is, justly and truly indebted to:
_____________________________________________________________________________________________________________________
(full name and address of the creditor and, if applicable, the creditor's partners. If prepared by an employee or
agent of the creditor, also insert a description of the occupation of the creditor) for
$_______________and______cents.
Date Consideration (state how the
Debt arose)
Amount
$ c
Remarks (include details of
voucher substantiating payment
2. To my knowledge or belief the creditor has not, nor has any person by the creditor's order, had or received any satisfaction
or security for the sum or any part of it except for the following: (insert particulars of all securities held. If the securities are
on the property of the company, assess the value of those securities. If any bills or other negotiable securities are held,
show them in a schedule in the following form).
Date Drawer Acceptor Amount $c Due Date
*3. I am employed by the creditor and authorised in writing by the creditor to make this statement. I know that the debt was
incurred for the consideration stated and that the debt, to the best of my knowledge and belief, remains unpaid and
unsatisfied; OR
*3. I am the creditor's agent authorised in writing to make this statement in writing. I know that the debt was incurred for
the consideration stated and that the debt, to the best of my knowledge and belief, remains unpaid and unsatisfied.
........................................... Dated
Signature
Occupation:
Address
1
Proofs of Debt
Notes for your guidance
(Please read carefully before filling in Form 535 or Form 536)
It is a creditor’s responsibility to prove their claim to our satisfaction.
When lodging claims, creditors must ensure that:
a) the proof of debt form is properly completed in every particular; and
b) evidence, such as that detailed below, is attached to the Form 535 or Form 536.
Directions for completion of a Proof of Debt
1. Insert the full name and address of the creditor.
2. Under “Consideration” state how the debt arose, for example “goods sold to the company on …………….…..”.
3. Under “Remarks” include details of any documents that substantiate the debt (refer to the section titled
“Information to support your claim” below for further information).
4. Where the space provided for a particular purpose is insufficient to contain all the required information in
relation to a particular item, that information should be set out in an annexure.
5. An annexure to the form must have an identifying mark and be endorsed with the words:
“This is the annexure of …… pages marked …… referred to in the Form 535/536 signed by me and
dated …………………
…………………………………… ……………………………………………………..
Signature(s) Name of Signatory “IN BLOCK LETTERS”
and signed by each person signing the form to which the document is annexed.
6. The pages in the annexure must be numbered consecutively.
7. Where a document, copy of a document or other matter is annexed to a form, reference made in the form to
the annexure shall be by its identifying mark, the number of pages in it, and a brief description of the nature of
the document and its contents.
8. A reference to an annexure includes a document, copy of a document or any other matter accompanying,
attaching to or annexed to a form.
Information to support your claim
Please note that your debt is not likely to be accepted unless evidence to support its existence is provided. Detailed
below are some examples of the type of debt creditors may be claiming and a suggested list of documents, copies
of which should accompany a proof of debt for that class of creditor.
Trade Creditors
Statements and supporting invoices(s) showing the amount of the debt; and
Advice(s) to pay outstanding invoice(s) (optional).
Guarantees/Indemnities
Executed guarantee/indemnity;
2
Notice of Demand served on the guarantor; and
Calculation of the amount outstanding under the guarantee.
Judgment Debt
Copy of the judgment; and
Documents/details to support the underlying debt as per other categories.
Deficiencies on Secured Debt
Security Documents (eg. mortgage);
Independent valuation of the secured portion of the debt (if not yet realised) or the basis of the creditor’s
estimated value of the security;
Calculation of the deficiency on the security; and
Details of income earned and expenses incurred by the secured creditor in respect of the secured asset
since the date of appointment.
Loans (Bank and Personal)
Executed loan agreement; and
Loan statements showing payments made, interest accruing and the amount outstanding as at the date of
appointment.
Tax Debts
Documentation that shows the assessment of debts, whether it is an actual debt or an estimate, and
separate amounts for the primary debt and any penalties.
Employee Debts
Basis of calculation of the debt;
Type of Claim (eg. wages, holiday pay, etc);
Correspondence relating to the debt being claimed; and
Contract of Employment (if any).
Leases
Copy of the lease; and
Statement showing amounts outstanding under the lease, differentiating between amounts outstanding at
the date of the appointment and any future monies.
FORM 532
Corporations Act 2001 Regulation 5.6.29
Home Australia Pty Ltd ACN 075 303 767 Ashford Homes Pty Ltd ACN 009 217 976
Nationwide Australian Investments Pty Ltd ACN 077 009 226 Smart Road Property Rentals Pty Ltd ACN 008 038 024
(All In Liquidation) (collectively “the Companies”)
APPOINTMENT OF PROXY
I/We (1) __________________________________________________________________________________________________________________ of
_______________________________________________________________________________________________________________________________
a creditor/member of Ashford Homes Pty Ltd (In Liquidation) appoint
(2)______________________________________________________________________________________________________ or in his/her absence
__________________________________________________________________________________________________________ as my/our general proxy to vote at the meeting of creditors to be held concurrently on 3 November 2016 at 9:30AM or at any adjournment of that meeting.
DATED this ___________ day of ________________________ 2016
(3) Signature ___________________________________
CERTIFICATE OF WITNESS - only complete if the person given the proxy is blind or incapable of writing.
I, ________________________________________________ of _________________________________________________________________________
certify that the above instrument appointing a proxy was completed by me in the presence of and at the request of
the person appointing the proxy and read to him before he attached his signature or mark to the instrument.
DATED this ___________ day of ________________________ 2016
Signature of witness ___________________________________
Description ___________________________________
Place of residence ___________________________________
___________________________________
Notes:
(1) If a firm strike out "I" and set out the full name of the firm. (2) Insert the name of the person appointed. (3) If the creditor is a sole trader, sign in accordance with the following example: “A.B., proprietor”. If the creditor is a partnership, sign in accordance with the following example: “A.B., a partner of the said firm.” If the creditor is a company, then the form of proxy must be under its Common Seal or under the hand of some officer duly
authorised in that capacity, and the fact that the officer is so authorised must be stated in accordance with the following example: “for the company, A.B.” (duly authorised under the Seal of the Company).
Proxy forms should have been completed and returned by no later than 4:00PM (AEDT) on 2 November 2016 to
be eligible to vote at the meeting.
RETURN TO: Ashford Homes Pty Ltd (In Liquidation) C/- McGrathNicol, GPO Box 9986, Melbourne VIC 3001 Phone: +61 3 9038 3100 Fax: +61 3 9038 3199
1
Proxy
Notes for your Guidance
Insert full name and address of creditor, contributory or member on the top line.
On the second line, insert the name of the person you appoint as your proxy. You may insert “the
Chairperson of the meeting” if you wish.
On the next line insert the organisation the proxy holder represents or works for (not required if the
Chairperson is your proxy).
You may appoint an alternate proxy on the fourth line who may act if your first appointed proxy cannot
attend the meeting. You may insert “the Chairperson of the meeting” if you wish.
If the proxy is a general proxy the form requires no addition.
If the proxy is a special proxy the form must include instructions regarding the use of the proxy (i.e. details
of the resolution and whether the proxy holder is to cast a vote in favour or against the resolution or
abstain from voting).
Date and sign the Proxy form using one of the following various forms of execution:
Sole Trader - Sign the proxy yourself.
Partnership - e.g. sign – “Smith & Associates
Per John Smith - Partner”
Company - (i) By a director or secretary, e.g. “J Smith – Director”.
(ii) By a person duly authorised to sign on behalf of the company, e.g.
“Smith & Sons Pty Ltd. ACN: ______________
Per: J Smith
A person duly authorised to sign on the company’s behalf”.
OR
“Smith & Sons Pty Ltd. ACN: ______________
By its duly constituted attorney J Smith”.
NB: If signing on behalf of a company the following example is not
sufficient:
”Smith & Sons Pty Ltd. ACN: _______________
Per: J Smith”
“Certificate of Witness” is only to be used where the Proxy is being completed on behalf of a person who is
blind or incapable of writing. In all other cases a witness to the signature of the person appointing the
Proxy is not required and you may ignore the section headed “Certificate of Witness”.
Ashford Homes Pty Ltd (In Liquidation) ACN 009 217 976 Liquidators’ remuneration report to creditors 27 October 2016
1
Liquidators’ remuneration 1
Liquidators’ remuneration can only be fixed by resolution of a committee of inspection, the company’s creditors or by
application to the Court.
In accordance with Section 449 of the Act and the ARITA Code of Professional Practice, a Schedule of Remuneration
Methods and Hourly Rates has been attached for creditors’ reference.
In this section, the Liquidators outline the work undertaken by the Liquidators and their staff for the period from the
commencement of the liquidation to 24 October 2016. The Liquidators intend to seek creditor approval of their
remuneration totalling $38,650.04 incurred during the period from the commencement of the liquidation to
24 October 2016 at the upcoming meeting of creditors.
Declaration 1.1
We, Matthew Caddy and Barry Kogan of McGrathNicol, have undertaken a proper assessment of this remuneration claim
for our appointment as Liquidators of Ashford Homes Pty Ltd in accordance with the law and applicable professional
standards. We are satisfied that the remuneration claimed is in respect of necessary work, properly performed, or to be
properly performed, in the conduct of the Liquidation.
Summary 1.2
To date no remuneration has been approved or paid in this liquidation. This remuneration report details approval sought
for the following fees:
Period Report
reference
Amount
(ex GST)
Remuneration approval sought:
Resolution 1: 17 October 2016 – 24 October 2016 (actual) 1.3 $38,650.04
Resolution 2: From 25 October 2016 onwards 1.4 $100,000.00
Total actual and estimated Liquidators remuneration* $138,650.04
* Approval for the future remuneration sought is based on an estimate of the work necessary to perform the Liquidators’
duties. If additional work is necessary beyond what is contemplated, a further report will be provided and approval
sought from creditors. If the work undertaken is less than the estimated amount, the lesser amount will be paid.
Please refer to the report section references detailed in the above table for full details of the calculation and composition
of the remuneration approval sought.
2
Remuneration incurred from date of appointment to 24 October 2016 (actual) 1.3
The following resolution will be proposed at the meeting of creditors convened for 3 November 2016:
“That the remuneration of the Liquidators, their partners and staff, for the period from 17 October 2016 to
24 October 2016, calculated on hours spent at the rates detailed in the Schedule of Remuneration Methods and
Hourly Rates provided to creditors, in the amount of $38,650.04 (exclusive of GST), is hereby approved for
payment.”
A description of tasks performed is set out below and a schedule of fees during this remuneration period is detailed at
Appendix A of this report.
General description Task area Includes
Asset realisation
11.5 hours
$4,595.71 (ex GST)
Assets Identifying assets.
Securing assets.
Preparing and reviewing display home listing.
Conducting and reviewing asset searches.
Meetings with Management in relation to assets.
Engaging and liaising with auctioneers.
Meetings on site with auctioneers.
Overseeing removal of assets by auctioneers.
Reviewing leased assets schedule, lease agreements and documentation.
Preparing and issuing lease disclaimer letters.
Preparing correspondence to lessors with invalid PPS registration.
Liaising with landlords regarding office furniture.
Coordinating returns of company property (i.e. laptops, motor vehicles and other items) from employees.
Employees
17.3 hours
$7,988.00 (ex GST)
Employee entitlements /
queries Addressing employees on Day 1 regarding appointment.
Preparing and issuing termination letters.
Preparing and issuing retention letters.
Liaising with Management regarding employee entitlements.
Liaising with FEG.
Reviewing books and records to consider what information is available to the Liquidators.
Reviewing and responding to various employee queries by telephone, email and in person.
Collating employee contracts.
Considering whether contractors may be deemed to be employees.
3
General description Task area Includes
Payroll Liaising with payroll provider to ensure payroll is processed
for retained employees.
Liaising with staff regarding timesheets.
Reviewing timesheets.
Preparing payroll for week ending 24 October 2016.
Creditors
12.1 hours
$4,558.36 (ex GST)
Meetings Preparing and reviewing meeting materials for first meeting
of creditors.
Organising meeting logistics including booking venue.
Compiling and reviewing creditors’ listings.
Secured creditors Liaising with secured creditors regarding various matters.
Undertaking analysis for secured lender.
Negotiating and reviewing secured lender funding deed.
Liaising with legal advisors in relation to funding deed.
Unsecured creditors Issuing circular to creditors.
Compiling unsecured creditor analysis.
Liaising with unsecured creditors.
PPSR Reviewing and analysing PPSR registrations.
Communicating with each party claiming a security interest.
Dealing with PPSR claims.
Facilitating collection of assets by parties with valid security interests.
Closure of business
8.9 hours
$4,357.00 (ex GST)
Closure of business Internal meetings regarding shutdown requirements.
Preparing circular to customers.
Attending to customer queries.
Liaising with landlords.
Liaising with key suppliers, including utility providers.
Organising mail redirections.
Sale of business
7.1 hours
$3,644.17 (ex GST)
Sale of business Internal meetings regarding sale strategy.
Preparing sale advertisement.
Obtaining and reviewing information regarding pre-appointment sale process.
Preparing and reviewing interested party register.
Preparing, compiling, reviewing and issuing sale materials and data pack.
Liaising with interested parties.
4
General description Task area Includes
General administration
29.5 hours
$13,506.80 (ex GST)
Statutory
2.9 hours
$1,075.88 (ex GST)
Preparing and lodging statutory forms including Form 505 (appointment), Form 525 and Form 5011.
Reviewing and issuing RATA pack to Director.
Preparing Liquidators’ DIRRI.
Notifying the ATO of Liquidators’ appointment and registration for GST and PAYG.
Preparing and issuing notifications to statutory bodies of Liquidators’ appointment.
Lodging notifications of lease disclaimers with ASIC.
Strategy and
administration
4.7 hours
$2,535.57 (ex GST)
Determining project strategy.
Internal meetings on strategy and actions required.
Meetings with Management and Director.
Liaising with legal advisor.
Reviewing media statement.
Reviewing media enquiries and liaising with media advisor.
File maintenance and managing correspondence.
Maintaining checklists and task lists.
Collecting documentation.
Banking
2.6 hours
$641.86 (ex GST)
Opening Liquidators’ bank account.
Issuing notification of appointment to banks.
Dealing with bank administration issues.
Insurance
2.1 hours
$990.71 (ex GST)
Notifying insurance broker of appointment.
Liaising with insurance broker regarding various queries.
Liaising with Management regarding insurance policies.
Considering strategy regarding building indemnity insurers.
Liaising with state based home indemnity insurers.
Preparing for and attending insurance meeting with QBE regarding home indemnity insurance and Liquidators’ ongoing strategy.
Reviewing insurance policy documents.
Liaising with insurance broker and legal advisors regarding potential claims.
Books and records
17.2 hours
$8,262.79 (ex GST)
Undertaking forensic imaging of electronic books and records.
Locating books and records.
Reviewing books and records.
Liaising with IT service provider to access records.
5
Future works to be completed - Liquidation 1.4
At the meeting of creditors, the Liquidators will put a resolution to creditors for approval of prospective Liquidators’ fees
capped to $100,000.00 (excluding GST) for the period from 25 October 2016 onwards (as described in the resolution
below).
Creditors should note that the proposed liquidation fees are in addition to the fees outlined in section 1.3.
The following resolution will be proposed at the meeting of creditors convened for 3 November 2016:
“That the prospective remuneration of the Liquidators, to the maximum amount of $100,000.00 (excluding GST),
calculated on hours spent at the rates detailed in the Schedule of Remuneration Methods and Hourly Rates provided
to creditors, for the period from 25 October 2016 until the work undertaken in the estimation of remuneration is
complete, or the time charges for work undertaken exceeds the capped fee amount (whichever occurs first).
Creditors acknowledge that if actual costs incurred are below the amount approved, the Liquidators are only
authorised to draw the amount incurred. Creditors also acknowledge that if actual costs incurred exceed the
amount approved, the Liquidators will seek further approval from creditors.
The Liquidators are approved to draw their remuneration as and when it is incurred from funds under their control.”
The estimate of work to be done by the Liquidators and their staff is set out in the table below.
Task area General description Includes
Asset realisation
Assets Liaise with secured creditors to agree strategy for realisation
of display homes.
Conduct a sale process to realise owned display homes.
Arrange for sale of office furniture and equipment with auctioneers and obtain proceeds.
Correspondence with debtors via phone and email to confirm and agree payments.
Maintain debtor collections schedule.
Consider recovery actions for non-payment by debtors.
Employees
Employee entitlements
and FEG Correspondence with employees to finalise schedule of
employee entitlements.
Review sales commission arrangements with various employees and/or contractors.
Correspondence with FEG.
Preparing notification sheets and reports to FEG.
Liaise with FEG regarding payment of entitlements to employees.
Prepare and issue payment summaries to employees.
Liaise with and update employees regarding the progress of the liquidation.
Recording employee information in MYOB.
Closure of business Customers Liaise with insurers regarding handover of key construction
and other home building related documents.
Liaise with customers regarding specific issues relevant to each customer.
6
Task area General description Includes
Other Manage exit of leased office premises, including securing
and transferring all company records offsite.
Transfer or disclaim leases for display homes, depending upon outcome of sale process.
Sale of business Sale of business Liaise with interested parties via phone and email regarding
offers to purchase certain assets of the company.
Assess offers received from interested parties and determine appropriate realisation strategy.
Complete sale contract with purchaser(s) (if applicable).
Investigations
Assessment Reconstruct profit and loss position to assess potential date
of insolvency.
Consider any potential insolvent trading claims against Director.
Prepare and finalise Liquidator report to ASIC under s533 of the Act.
Review and consider the manner in which the company officers discharged their fiduciary duties.
If required, commence proceedings against company officers for failure to discharge fiduciary duties.
Consider any potential voidable transactions.
Consider any additional information made available to the Liquidators following the meeting of creditors.
Creditors
Creditor enquiries Liaise with creditors regarding claims and submission of
POD’s.
Provide creditors with updates regarding the Liquidation generally.
Reviewing and preparing correspondence to creditors and their representatives via email and post.
Secured creditors Liaise with secured creditor regarding sale of assets,
including owned display homes.
7
Task area General description Includes
Meeting of Creditors Preparing for and attending the meeting of creditors,
including preparing the meeting circular, notices, proxies, and advertisements.
Forwarding notice of creditors meeting to all known creditors.
Book meeting room and set-up teleconference details for meeting of creditors.
Preparing meeting file including Chairman’s notes, agenda, certificate of postage, attendance register, list of creditors, and advertisement of meeting.
Convening the meeting of creditors to be held on 3 November 2016.
Prepare and record minutes of meeting and lodge same with ASIC.
General
administration
Statutory Liaise with ATO and ASIC.
Prepare and submit quarterly BAS returns.
Prepare and submit six monthly returns to ASIC.
Maintain project checklists.
Strategy and admin Attending internal discussions and planning in relation to the
liquidation.
Discussions with company officers and employees with respect to the liquidation, including responding to queries.
Filing of documents and file management.
Updating checklists.
Banking Monitoring cash position.
Preparing and authorising receipt and payment vouchers.
Prepare and review of bank reconciliations.
Insurance Arrange for insurance policies for company assets.
Liaise with insurance broker to determine if a notification of should be made under the D&O policy.
Provide wages declaration for Workers Compensation insurance.
Books and records Arrange for storage of books and records.
8
APPENDIX A: Liquidators’ schedule of actual remuneration to 24 October 2016
Ashford Homes Pty Ltd (In Liquidation) - Fees
Position Total hours Total fees $ Statutory
Strategy
& admin Banking Insurance
Books &
records
Partner 650 7.3 4,739.27 195.00 195.00 1,532.14 1,261.00 931.67 243.75 325.00 - 55.71 -
Director 1 595 12.2 7,284.50 833.00 1,547.00 1,581.00 1,011.50 - 178.50 1,538.50 - 595.00 -
Senior Manager 500 19.0 9,492.32 1,678.57 1,690.00 157.14 1,080.00 2,575.00 18.75 300.00 - 228.57 1,764.29
Manager 475 14.9 7,068.17 - 190.00 156.07 - - 255.31 - 54.29 - 6,412.50
Assistant Manager 430 15.3 6,566.71 860.00 4,214.00 172.00 688.00 - - 294.86 227.29 24.57 86.00
Accountant 275 4.4 1,223.06 628.57 - - 126.50 137.50 271.56 58.93 - - -
Undergraduate 190 5.6 1,064.00 380.00 152.00 - 190.00 - - - 342.00 - -
Administration 160 7.6 1,212.00 20.57 - 960.00 - - 108.00 18.29 18.29 86.86 -
Total (ex GST) 86.3 38,650.04 4,595.71 7,988.00 4,558.36 4,357.00 3,644.17 1,075.88 2,535.57 641.86 990.71 8,262.79
General administration
CreditorsRate ($/hour)
Asset
realisation Employees
Closure of
business
Sale of
business
1
Schedule of Remuneration Methods and Hourly Rates
Introduction 1
This information is to assist you with understanding how remuneration is calculated and paid in an
insolvency administration.
Basis of remuneration 2
Remuneration methods 2.1
There are four basic methods that can be used to calculate the remuneration charged by an insolvency
practitioner. They are:
Time based/hourly rates
This is the most common method. The total fee charged is based on the hourly rate charged for each
person who carried out the work, multiplied by the number of hours spent by each person on each of the
tasks performed.
Fixed Fee
The total fee charged is normally quoted at the commencement of the liquidation and is the total cost for
the liquidation. Sometimes a practitioner will finalise a liquidation for a fixed fee.
Percentage
The total fee charged is based on a percentage of a particular variable, such as the gross proceeds of asset
realisations.
Contingency
The practitioners’ fee is structured to be contingent on a particular outcome being achieved.
Method Proposed 2.2
We propose that our remuneration will be calculated on a time basis which will be recorded and charged in
six minute increments. Details of the hourly rates for different levels of staff are included below. The
complexity and demands of the liquidation will determine the staff to be utilised for this appointment.
This method is considered to be most suitable for this appointment as it ensures creditors are only charged
for work that is performed in the liquidation, which can be difficult to accurately estimate at the date of
appointment.
Creditors will be advised of the proposed basis of remuneration in our initial remuneration advice to them.
Explanation of Hourly Rates 3
The rates for our remuneration calculation are set out in the following table, together with a general guide
showing the qualifications and experience of staff engaged in the liquidation and the role they take in the
liquidation. The hourly rates charged encompass the total cost of providing professional services and
should not be compared to an hourly wage.
2
Title Guide to qualifications and role Hourly rate
(excl GST)
Appointee/Partner Registered liquidator, Chartered Accountant or equivalent and
generally degree qualified with more than twelve years of
experience. Leads assignments with full accountability for
strategy and execution.
$650
Director 1 Generally, Chartered Accountant or comparable qualification
and degree qualified with more than ten years of experience,
including four years of Director or equivalent experience.
Autonomously leads complex insolvency appointments
reporting to Appointee/Partner.
$595
Director Generally, Chartered Accountant or comparable relevant
qualification and degree qualified with more than nine years
of experience. Autonomously leads insolvency appointments
reporting to Appointee/Partner.
$550
Senior Manager Generally, Chartered Accountant or comparable relevant
qualification and degree qualified with more than seven years
of experience. Self-sufficiently conducts small to medium
insolvency appointments and leads major workstreams in
larger matters.
$500
Manager 1 Generally, Chartered Accountant or comparable relevant
qualification and degree qualified with more than six years of
experience, including two years of Manager 2 or equivalent
experience. Self-sufficiently conducts small to medium
insolvency appointments and takes a supervisory role on
workstreams in larger matters.
$490
Manager Generally, Chartered Accountant or comparable relevant
qualification and degree qualified with more than five years of
experience. Self-sufficiently conducts small insolvency
appointments and takes a supervisory role on workstreams in
larger matters.
$475
Assistant Manager Generally, Chartered Accountant or comparable relevant
qualification and degree qualified with more than three years
of experience. Autonomously manages workstream activity
within appointments.
$430
Senior Accountant 1 Generally, degree qualified and undertaking Chartered
Accountant’s qualification or comparable relevant qualification
with more than two years of experience, including one year of
Senior Accountant or equivalent experience. Completes
multiple tasks within workstreams and appointments.
$395
Senior Accountant Generally, degree qualified and undertaking Chartered
Accountant’s qualification or comparable relevant qualification
with more than 16 months of experience. Completes tasks
within workstreams and appointments under supervision.
$375
3
Title Guide to qualifications and role Hourly rate
(excl GST)
Accountant 1 Generally, degree qualified and undertaking Chartered
Accountant’s qualification or comparable relevant qualification
with at least one year of Accountant or equivalent experience.
Assists with tasks within workstreams and appointments under
supervision.
$325
Accountant Generally, degree qualified and undertaking or about to
undertake Chartered Accountant’s qualification or comparable
relevant qualification with less than one year of experience.
Assists with tasks within workstreams and appointments under
supervision.
$275
Undergraduate/ Cadet Undertaking relevant degree. Assists with tasks within
workstreams and appointments under supervision. $190
Practice Services
Director
National Practice Service leaders, generally degree qualified
with more than ten years of experience and reporting directly
to partners. Technical experts in their specific areas and have
team management responsibilities.
$580
Senior Practice
Services
Senior technical, professional or functional expert in national
Practice Services. Generally degree qualified with more than
seven years of experience. Reports to Practice Service leader
and may be responsible for team management.
$410
Senior Client
Administration and
Senior Treasury
Appropriately experienced and undertakes senior level
administrative support activities or senior Treasury activities.
May be responsible for day to day management of projects or
operations and may have supervisory responsibility for junior
staff.
$210
Client Administration
and Treasury
Appropriately experienced and undertakes support activities,
including but not limited to Client administration, Treasury
and document management functions.
$160
McGrathNicol reviews its hourly rates six monthly. The hourly rates quoted above remain in force until 31
December or 30 June (whichever occurs first) and McGrathNicol may increase fees for work continuing past
that date.
Creditors will be advised of any change to the hourly rates for this liquidation.
4
Disbursements 4
There are three categories of disbursements which may be charged:
Externally provided professional services – these are on-charged at cost. An example of an
externally provided professional service disbursement is legal fees.
Externally provided non-professional costs – such as travel, accommodation, external printing
services and search fees – these are on-charged at cost.
Internal disbursements – such as photocopying, printing and postage. These disbursements are
generally charged at cost but may include, in the case of disbursements such as such as telephone
calls, photocopying and printing, both direct variable and fixed costs. For example the rate per
page for printing includes a reasonable and commercial allowance for paper, toner, depreciation,
power and maintenance).
Creditor approval is not required for disbursements. However, details of the basis of recovering internal
disbursements in this liquidation are provided below and full details of actual costs incurred and to be
charged to the liquidation will be provided in future reports.
Basis of Disbursement Claim 4.1
Internal Disbursements Rate
(Excl GST)
Advertising At cost
Courier At cost
Printing- black and white $0.09 per page
Printing- Colour $0.28 per page
Postage At Cost
Stationery and other incidental disbursements At Cost
Staff per diem travel allowance* $89.00 per day
Staff vehicle use $0.63 per km
Telephony – mobile, fixed line and conference calls At cost
* Payable when partners or staff are required for business purposes to stay away from their usual place of
residence overnight.
Home Australia Pty Ltd (In Liquidation) and its wholly owned subsidiaries as detailed in Schedule A
(collectively “Home Australia”)
The Corporations Act 2001 and professional standards require the Practitioners appointed to an insolvent entity to
make a declaration as to:
their independence generally; A.
relationships, including B.
the circumstances of the appointment; (i)
any relationships with the company and others within the previous 24 months; (ii)
any prior professional services for the company within the previous 24 months; (iii)
that there are no other relationships to declare; and (iv)
any indemnities given or up-front payments made to the Practitioner. C.
This declaration is made in respect of ourselves, our partners and the firm McGrathNicol, which for the purpose of
this declaration includes the McGrathNicol Partnership, the McGrathNicol Advisory Partnership, and McGrathNicol
Services Pty Limited.
Independence A.
We, Matthew Caddy and Barry Kogan of the firm McGrathNicol (“the Liquidators”) have undertaken a proper
assessment of the risks to our independence prior to accepting the appointment as liquidators of Home Australia in
accordance with the law and applicable professional standards. This assessment identified no real or potential risks
to our independence. We are not aware of any reasons that would prevent us from accepting this appointment.
Declaration of Relationships B.
Circumstances of appointment (i)
On 25 August 2016, Matthew Caddy and David Barnaby of McGrathNicol met with the sole director of Home
Australia entities (Robert Day) and the former interim CFO/COO with the intention of discussing the financial
position of Home Australia. This meeting was adjourned following a brief introduction as its purpose was
superseded by an immediate financing option to be further explored by the director.
On 9 September 2016, the meeting between Matthew Caddy, the director and the former interim CFO/COO was
reconvened to discuss the financial position of Home Australia.
From 11 October 2016 until the date of appointment, Matthew Caddy had a number of phone calls with the
director for the purposes of:
obtaining sufficient information about Home Australia to understand its current financial position;
clarifying and explaining to Home Australia and the director the various options available to the companies
and the nature and consequences of insolvency appointments; and
Matthew Caddy and Barry Kogan of McGrathNicol providing consents to act.
No remuneration was received for participating in these discussions and meetings.
We believe that these meetings do not result in a conflict of interest or duty because:
the Courts and ARITA’s Code of Professional Practice specifically recognise the need for practitioners to
provide advice on the insolvency process and the options available and do not consider such advice results
in a conflict or is an impediment to accepting the appointment;
the nature of the limited scope advice provide to the Home Australia is such that it would not be subject to
review and challenge during the course of the liquidations; and
the pre-appointment advice will not influence our ability to be able to fully comply with the statutory and
fiduciary obligations associated with the liquidations of Home Australia in an objective and impartial
manner.
Declaration of Independence,
Relevant Relationships and Indemnities
2
We have provided no other information or advice to Home Australia or Mr Day prior to our appointments beyond
that outlined in this DIRRI.
Relevant Relationships (excluding professional services to the Insolvent) (ii)
We, or a member of our firm, have or have had within the preceding 24 months, a relationship with:
Name Nature of relationship Reasons
National Australia Bank Limited (“nab”)
nab holds a charge on the whole or substantially the whole of the property of Home Australia. McGrathNicol undertakes corporate recovery and advisory work from time to time on instructions from nab.
We believe this relationship does not result in a conflict of interest or duty because each professional engagement undertaken for nab in relation to a particular entity or group of entities is conducted on an entirely separate basis which has no connection with these appointments. These engagements are only commenced after full regard is given to potential conflicts of interest in relation to all interested stakeholders. No work has been undertaken for nab in relation to any of the Home Australia companies. Given the above, our independence in acting as Liquidators of Home Australia has not been compromised.
Prior professional services to the Insolvent (iii)
Neither we, nor our firm, have provided any professional services to Home Australia in the previous 24 months.
No other relevant relationships to disclose (iv)
There are no other known relevant relationships, including personal, business and professional relationships, from
the previous 24 months with Home Australia, an associate of Home Australia, a former insolvency practitioner
appointed to Home Australia or any person or entity that currently has security over the whole or substantially the
whole of Home Australia’s property and should be disclosed.
Indemnities and Up-front Payments C.
We have not been indemnified in relation to the Home Australia liquidations, other than any indemnities that we
may be entitled to under statute and we have not received any up-front payments in respect of our remuneration
or disbursements.
Appointments to Members of a Corporate Group D.
As listed on Schedule A of this Declaration, the Liquidators have been appointed as liquidators to eight entities
within the Home Australia group of companies.
We are of the view that the appointment to the group of companies will have significant benefits to the conduct of
the Liquidations, particularly in that this will provide for cost-savings and enable an accurate as possible view to be
obtained of the activities and financial position of the companies as a whole. We are aware that there were inter-
company transactions within the group. At the time of our appointment, we were not aware of any conflicts of
interest between the group companies. Should such a conflict arise, we will keep creditors informed and take
appropriate action to resolve the conflict.
Dated: 27 October 2016
...................................................................... ..............................................................................
Matthew Caddy Barry Kogan
3
Schedule A: Home Australia – entities over which the Liquidators are appointed
Company name Corporate nature ACN
Home Australia Pty Ltd Parent 075 303 767
Ashford Homes Pty Ltd Wholly owned subsidiary 009 217 976
Collier Homes Pty Ltd Wholly owned subsidiary 008 681 454
Homestead Homes Pty Ltd Wholly owned subsidiary 008 011 041
Huxley Homes Pty Ltd Wholly owned subsidiary 106 443 216
Nationwide Australian Investments Pty Ltd Wholly owned subsidiary 077 009 226
Newstart Homes (SE QLD) Pty Ltd Wholly owned subsidiary 080 910 238
Smart Road Property Rentals Pty Ltd Wholly owned subsidiary 008 038 024
Notes to the DIRRI:
1 If the circumstances change or new information is identified, we are required under the Corporations Act 2001 and the
ARITA Code of Professional Practice to update this Declaration and provide a copy to the creditors/committee of
creditors with our next communication, as well as table a copy of any replacement Declaration at the next meeting of the
insolvent’s creditors/committee of creditors.
2 Any relationships, indemnities or up-front payments disclosed in the DIRRI must not be such that the Practitioner is no
longer independent. The purpose of components B and C of the DIRRI is to disclose relationships that, while they do
not result in the Practitioner having a conflict of interest or duty, ensure that creditors are aware of those relationships
and understand why the Practitioner nevertheless remains independent.
Please note that the presentation of the above information is in accordance with the standard format suggested by ARITA.
Important note: The information sheets contain a summary of basic information on the topic. It is not
Insolvency information for directors, employees, creditors and shareholders ASIC has 11 insolvency information sheets to assist you if you’re affected by a company’s insolvency and have little or no knowledge of what’s involved.
These plain language information sheets give directors, employees, creditors and shareholders a basic understanding of the three most common company insolvency procedures—liquidation, voluntary administration and receivership. There is an information sheet on the independence of external administrators and one that explains the process for approving the fees of external administrators. A glossary of commonly used insolvency terms is also provided.
The Insolvency Practitioners Association (IPA), the leading professional organisation in Australia for insolvency practitioners, endorses these publications and encourages its members to make their availability known to affected people.
List of information sheets • INFO 41 Insolvency: a glossary of terms • INFO 74 Voluntary administration: a guide for creditors • INFO 75 Voluntary administration: a guide for employees • INFO 45 Liquidation: a guide for creditors • INFO 46 Liquidation: a guide for employees • INFO 54 Receivership: a guide for creditors • INFO 55 Receivership: a guide for employees • INFO 43 Insolvency: a guide for shareholders • INFO 42 Insolvency: a guide for directors • INFO 84 Independence of external administrators: a guide for creditors • INFO 85 Approving fees: a guide for creditors
Getting copies of the information sheets To get copies of the information sheets, visit ASIC’s website at www.asic.gov.au/insolvencyinfosheets. The information sheets are also available from the IPA website at www.ipaa.com.au. The IPA website also contains the IPA’s Code of Professional Practice for Insolvency Professionals, which applies to IPA members.
a substitute for legal advice. Some provisions of the law referred to may have important exceptions or qualifications. These documents may not contain all of the information about the law or the exceptions and qualifications that are relevant to your circumstances. You will need a qualified professional adviser to take into account your particular circumstances and to tell you how the law applies to you.
© Australian Securities & Investments Commission, December 2008 Page 1 of 1
