THE Pastoralists and Graziers Association of Western Australia is preparing to take back control of its affairs now that its creditors have accepted a Deed of Company Arrangement.
Proposed by voluntary administrators RSM Australia, the deed was accepted at the second meeting of creditors held in Perth on March 7.
RSM Australia partners Jerome Mohen and Greg Dudley were appointed as joint and several voluntary administrators of the PGA on January 30 after the PGA executive and committee identified “financial irregularities and a funding shortfall”.
The administrators are now working with the PGA executive to return control of the PGA to the committee in coming weeks, and distribute the deed fund to creditors.
In a…
