INSOLVENCY NOTICE: ONWARD ACCOUNTING AND TAXATION ISSUES 'NOTICE OF SECOND MEETING OF CREDITORS OF UNDER ADMINISTRATION'

Australia, July 21 -- ONWARD ACCOUNTING AND TAXATION Pty. Ltd. (ACN: 637 914 357) has issued an insolvency 'notice of second meeting of creditors of company under administration.'

Status: Administrator Appointed

Appointment Date: July 08

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

Location: Notice is now given that a virtual meeting of the creditors of the Company will be held electronically on 29 July 2025 at 11:00AM (AEST) by Microsoft Teams only. The nominated physical address for the conduct of the Microsoft Teams meeting is Suite 2, Level 14, 9 Castlereagh Street, Sydney NSW 2000.

Meeting date: 29 July 2025

Meeting time: 11.00 AM."

The agenda of the meeting is: "The purpose of the meeting(s) is:

- to receive the report by the Administrator(s) about the business, property, affairs and financial circumstances of the Company(ies); and

- to receive a statement of Administrator(s) opinion and reasons for the opinion:

- whether it would be in the creditors' interests for the Company(ies) to execute a deed of company arrangement;

- whether it would be in the creditors' interests for the administration to end;

- whether it would be in the creditors' interests for the company to be wound up;

- to receive a statement of such other information known to the administrator as will enable the creditors to make an informed decision about the matters at paragraphs -a) - (c) above;

- to receive details of any transactions that appear to the Administrator(s) to be a voidable transaction in respect of which money, property, or other benefits may be recoverable by a liquidator under part -- of the Act

- to receive details of any proposed deed of company arrangement; and

- for the creditors of the Company(ies) to resolve that:

- the Company(ies) execute a deed of company arrangement; or

- the administration(s) should end; or

- the Company(ies) be wound up.

Other agenda items are:

- to determine the remuneration of the administrator(s)

- to determine the future remuneration of the administrator(s)

- to determine the deed administrator(s) and or liquidator(s) future remuneration if appointed

- if the company is wound up, to consider the appointment of a committee of inspection and, if so, who are to be the committee members

- if the company is wound up to consider the early destruction of books and records

- any other business

- To receive a Report on Company Activities and Property.

- To receive the report of the Administrator.

- Questions from creditors.

- For creditors to resolve:

a. that the Company execute a Deed of Company Arrangement; or

b. that the administration should end; or

c. that the Company be wound up.

d. If applicable, that the second statutory meeting of creditors be adjourned for a maximum period of forty-five (-) business days."

The detailed information can be found at: https://publishednotices.asic.gov.au/browsesearch-notices/notice-details/ONWARD-ACCOUNTING-AND-TAXATION-PTY-LTD-637914357/99501db2-6873-46dd-a167-b12f4aa4b31e

NOTE: This information has been taken from the Australian Securities and Investment Commission's website.

Disclaimer: Curated by HT Syndication.