Ann: Material Terms of Employment (Chief Executive Officer), page-69

I don't need to post links because I know what I'm talking about. But here's a link for you to learn from: https://www.svpartners.com.au/uploads/204.pdf

See pages 15,16 and 18.

A creditor with security over all the assets (the only relevant one - nobody is worried about a bank that lent money for one vehicle, eg) just notifies the Administrator of the security and the creditor can do what he likes. He will just take the assets.

You can't grasp the practicality of a secured creditor voting: see p18. If he votes for a proposal ( ie at a meeting of creditors chaired by the Administrator), then he is stuck with it, ie stuck with the DOCA. No DOCA will tell the secured creditor he can take all the assets: 1. He can anyway; 2. If the DOCA said that, there would be nothing left in the DOCA.

You are confusing creditors who are secured over all the assets with (eg) a bank that has security over one vehicle. The former won't go near the meeting of creditors.

This rabbiting on about making whole has nothing to do with anything here. It's about bonds. You're just trying to impress people, not knowing it isn't relevant here.

I was one of the few who supported your Not Held position and right to comment but now I regret it. I agree with other people here that you work for a shorter or maybe you just like to show off. You're good with accounts but not corporate advisory. Stop misleading people.