Sourced from: Minutes from reconvened second meeting of creditors 26 Sept/23 via the BDO Australia site.
The chair of the meeting responding to Brett Sullivan the proxy for the ATO.
Specific to Query Two- Brett Sullivan queried the benefits of a creditor trust in the DOCA, noting that this was not set out in the creditor report.
Following the chairperson advised that a creditors trust was being proposed in order to accelerate the Companies' exit from external administration to allow it to be relisted on the ASX so that a capital raise could occur.
The above info is really just a snippet and may not reflect the true state of affairs.
dyor.
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