Company details

Company: Orbital Traffic Management (Aust.) Pty Ltd
ACN: 100 152 323
Status: Subject to a Deed of Company Arrangement
Appointed: 11 October 2018

Meeting details

Notice is given that a meeting of the creditors of the Company, or a meeting for each of the Companies, (for multiple companies), will be held:

Location: Level 8
6-10 O'Connell Street
Sydney NSW 2000
Meeting date: 28 May 2019
Meeting time: 10:00 AM

(If multiple companies, see special instructions for meeting times)

Agenda

Agenda items are:

  • to receive and consider a report from the external administrator(s)
  • to fix or determine the remuneration of the external administrator(s)
  • to fix or determine the future remuneration of the external administrator(s)
  • to appoint a committee of inspection and, if so, who are to be the committee members
  • to consider the early destruction of books and records
  • any other business
  • 1. "That the notice of meeting of creditors dated 13 May 2019 be taken as read".

    2. "That the report of Deed Administrator to creditors dated 13 May 2019 be taken as read."

    3. "That the Deed of Company Arrangement be varied as disclosed in section 6 of the report of Deed Administrator dated 13 May 2019" or

    4. "That the Deed of Company Arrangement be terminated and the company be wound up."

    5. If the Deed is amended:

    "That the appointment of Mr Giles Geoffrey Woodgate of Woodgate & Co., Level 8, 6-10 O'Connell Street, Sydney NSW, as Deed Administrator, is confirmed."

    "That the Deed Administrator shall be entitled to remuneration during the period from execution of the Deed of Amendment to a Deed of Company Arrangement to completion of the Administration determined as an amount equivalent to the time costs for the time spent by the Deed Administrator and his staff in relation to the administration of the amended Deed of Company Arrangement, such time costs being calculated at Woodgate & Co. standard rates for such work, plus goods and services tax, and that the Deed Administrator is hereby authorised to draw such remuneration out of monies held by him as Deed Administrator of the company, such remuneration to be limited to $30,000, plus G.S.T."

    6. If the DOCA is terminated and company is wound up:

    "That the appointment of Mr Giles Geoffrey Woodgate of Woodgate & Co., Level 8, 6-10 O'Connell Street, Sydney NSW, as Liquidator for the purpose of winding up the company, is confirmed."

    7. "That a Committee of Inspection is, in the opinion of creditors, not required."

    8. "That the Liquidator shall be entitled to remuneration during the period from 28 May 2019 to completion determined as an amount equivalent to the time costs for the time spent by the Liquidator and his staff in relation to the winding up of the company, such time costs being calculated at Woodgate & Co. standard rates for such work, plus goods and services tax, and that the Liquidator is hereby authorised to draw such remuneration out of monies held by him as Liquidator of the company, such remuneration to be limited to $80,000, plus G.S.T."

    9. "That, pursuant to Section 70-35 of the Insolvency Practice Schedule (Corporations), and subject to the consent of the Australian Securities and Investments Commission, the Liquidator may destroy the books and records of the company six months after the deregistration of the company."

    Proof of debt and proxies

    Creditors wishing to attend are advised proofs and proxies are to be submitted to the external administrator by:

    Time: 10:00 AM
    Date: 27 May 2019


    Date of Notice: 17 May 2019

    Giles Geoffrey Woodgate
    Deed Administrator

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