Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 445F

             (1)  The administrator of a deed of company arrangement:

                     (a)  may at any time convene a meeting of the company's creditors; and

                     (b)  must convene such a meeting if so requested in writing by creditors the value of whose claims against the company is not less than 10% of the value of all the creditors' claims against the company.

             (2)  The deed's administrator must convene the meeting by giving written notice of the meeting:

                     (a)  to as many of the company's creditors as reasonably practicable; and

                     (b)  at least 5 business days before the meeting.

Note:          For electronic notification, see section 600G.

             (3)  The notice given to a creditor under subsection (2) must:

                     (a)  set out each resolution (if any) under section 445A or paragraph 445C(b) that the deed's administrator proposes that the meeting vote on; and

                     (b)  if the meeting is convened under paragraph (1)(b) of this section--set out each proposed resolution under section 445A or paragraph 445C(b) that is set out in the request.

             (4)  At a meeting convened under this section, the deed's administrator is to preside.

             (5)  A meeting convened under this section may be adjourned from time to time.