“the company”)€¦ · 04/11/2016 · 1. circular to creditors-first meeting -bc 27 october...

1. Circular to creditors-first meeting -BC

27 October 2016

Collier Homes Pty Ltd

ACN 008 681 454 (In Liquidation)

(“the Company”)

Circular to Creditors

I advise that Barry Kogan and I were appointed Joint and Several Liquidators of the Company on

17 October 2016.

Meeting of creditors

A meeting of creditors must be convened within 11 days of my appointment. The meeting for the

Company will be held at QV Conference Centre, Level 2, 250 St Georges Terrace, Perth on Friday,

4 November 2016 at 3.30PM. Registration for the meeting will open at 3:00PM.

Accordingly, I attach for the Company:

a statutory notice convening the meeting (Form 529);

a Summary of Affairs (Form 509) provided by the Director;

a list of creditors;

information for attending and voting at a meeting of creditors;

a Proof of Debt form (Form 535), along with an information sheet to assist you to complete the

form; and

a Proxy form (Form 532) and instructions.

Attendance and voting requirements

Creditors who intend to vote at the meeting are requested to lodge a proof of debt with us prior to the

meeting. Creditors who are unable to attend the meeting and wish to be represented, should ensure that

either a proxy form, power of attorney or evidence of appointment of a company representative pursuant to

section 250D of the Corporations Act 2001 (“the Act”) is validly completed and provided to us prior to the

meeting. If a faxed copy of a proxy or power of attorney is provided to us prior to the meeting, the

original of the instrument must be received within 72 hours of receipt of the faxed copy. Alternatively,

proxy forms can be emailed to [email protected]. Proxy forms lodged via email must

be validly executed by signing and scanning the completed form.

Corporate creditors who wish to attend the meeting should note that they may only be represented by an

individual if that person is validly granted a proxy or power of attorney by that corporation, or appointed as

a company representative pursuant to section 250D of the Act.

Proof of debt and proxy forms may be provided to us prior to the meeting or brought to the meeting.

Proof of debt forms can be emailed to [email protected].

mailto:[email protected]

mailto:[email protected]

Declaration of Independence, Relevant Relationships and Indemnities

In accordance with Section 506A of the Act and the Australian Restructuring, Insolvency and Turnaround

Association (“ARITA”) Code of Professional Practice, a Declaration of Independence, Relevant Relationships

and Indemnities is enclosed for your information.

This declaration discloses information regarding our independence, any prior personal or professional

relationships with the Company or related parties and any indemnities received in relation to this

appointment.

Remuneration

The Joint and Several Liquidators’ remuneration can only be fixed by resolution of creditors, a resolution of

a committee of inspection or by application to the Court. The resolutions relating to remuneration which

will be put to the creditors at the meeting are detailed in the attached Remuneration Report.

In accordance with section 499 of the Act and the ARITA Code of Professional Practice, a Schedule of

Remuneration Methods and Hourly Rates and detailed Remuneration Report is also enclosed for your

information.

* * * * * * * *

A copy of the “Insolvency information for directors, employees, creditors and shareholders” information

sheet issued by the Australian Securities & Investments Commission (“ASIC”) is enclosed for your

information.

If you require any further information, please contact my office on (03) 9038 3100.

Yours faithfully

Collier Homes Pty Ltd (In Liquidation)

Matthew Caddy

Liquidator

Enclosure(s):

Enclosures listed on the first page of this circular

ASIC Insolvency Information for directors, employees, creditors and shareholders

Declaration of Independence, Relevant Relationships and Indemnities

Schedule of Remuneration Methods and Hourly Rates

Remuneration Report

FORM 529

Corporations Act (2001)

Subregulation 5.6.12 (2)

NOTICE OF MEETING OF CREDITORS OF COMPANY


ACN 008 681 454 (In Liquidation)

(“the Company”)

Notice is given that a meeting of the creditors of the Company will be held at QV Conference Centre, Level 2, 250

St Georges Terrace, Perth at 3.30PM on 4 November 2016 to consider the following:

1. To confirm the appointment of Matthew Caddy and Barry Kogan as Liquidators or to appoint another

person(s) as Liquidator in their place.

2. To consider any matters arising out of the Liquidation.

3. To approve the remuneration of the Liquidators.

4. If thought fit, to appoint a Committee of Inspection.

5. To consider the approval of the Liquidators’ powers to compromise certain debts of the Company and

to enter into agreements for terms of greater than three months.

6. To authorise the destruction of the books and records of the Company following the deregistration of

the Company, subject to the consent of the Australian Securities and Investments Commission being

obtained.

7. To discuss any other relevant business which may arise.

Registration for the meeting will open at 3:00PM.

Dated 27 October 2016

Matthew Caddy

Liquidator

ASIC Form 509 17 January 2011 Page 1 of 2

Australian Securities & Investments Commission

Lodgement details Who should ASIC contact if there is a query about this form?Name

ASIC registered agent number (if applicable)

Company/entity name

ACN/ABN/ARBN/ARSN

Telephone number

Postal address

Email address (optional)

Company detailsCompany name

ACN

Summary of assets and liabilitiesDate to which summary is made upDate

/ / [D D] [M M] [Y Y]

If there is insufficient space in any section of the form, you may attach an annexure and submit as part of this lodgement

Presentation of summary of affairs of a company

Form 509Corporations Act 2001

497(2)(b)(i)

Andrew Wharton

n/a

McGrathNicol

(03) 9038 3100

Level 6, 171 Collins Street, Melbourne VIC 3000 Australia

n/a

41 945 982 761


008 681 454

1 6 1 0 1 6

Collier Homes Pty Ltd (In Liquidation) - Creditor list

Name Address Amount claimed ($)

ABBEY CERAMIC CENTRE PO BOX 1122 OSBORNE PARK WA 6916 14,831.75

ABLE GLASS & GLAZING 18 SIMPSON DRIVE PADBURY WA 6025 2,533.55

ABS MOBILE WELDING 32 HURRELL WAY ROCKINGHAM WA 6168 6,518.53

ABSOLUTE STONE PO BOX 1032 OSBORNE PARK WA 6017 14,532.10

ACE & MUN HOLDINGS PTY LTD E2, 33-37 MURRAY ROAD S WELSHPOOL WA 6106 24,220.72

ADELAIDE CONSTRUCTION & RENOVATIONS PO BOX 2260 HIGH WYCOMBE WA 6057 12,824.52

AGI PO BOX 644 BALCATTA WA 6914 515,268.21

AIR DIRECT AUSTRALIA PTY LTD 1/87 BELMONT AVENUE BELMONT WA 6104 100,488.98

ALASDAIR LEE & MAYA PURUSHOTHAMAN Not quantified

ALEX-SASCHA & STEVEN KELLY Not quantified

ALISON MCKAY Not quantified

ALL CLASS TEXTURE 40 MONTANE TURN BANKSIA GROVE WA 6031 3,260.37

ALL FENCE U RENT PTY LTD P O BOX 253 NORTH BEACH WA 6920 1,012.55

ANDREA HARRIS & NICOLE MOURAD Not quantified

ANDREW & ELAINE DOWER Not quantified

ATLAS GROUP PTY LTD PO BOX 3 MORLEY WA 6943 12,728.67

AUSCARIB NOMINEES PTY LTD 246 FITZGERALD STREET PERTH WA 6000 3,629.78

AUSTRAL BRICKS LOCKED BAG NO. 100 MIDLAND WA 6936 208,878.63

AUSTRALIAN CHINESE TIMES PO BOX 628 NORTH PERTH WA 6906 3,292.00

AZTEC PLAN PTY LTD U1/305 VICTORIA ROAD MALAGA WA 6091 9,605.20

AZTEC PLAN PTY LTD U1/305 VICTORIA ROAD MALAGA WA 6091 37,905.30

BARRY & SHARON POTTER Not quantified

BARRY HICKEY & SARAH HESSING Not quantified

BAYSWATER CONCRETE CO 53 COMPETITION WAY WANGARA WA 6065 126,771.52

BENITA NEWTON Not quantified

BOLTON, ELISHA Not quantified

BOOYSEN, CAMERON Not quantified

BRACHELLE COMMERCIAL CONTRACTING 24 ANNISTON LOOP MEADOW SPRINGS WA 6210 2,812.19

BRICKTEC BRICKLAYING & LANDSCAPING 26 CARTHAGE ROAD FALCON WA 6210 3,239.39

BRIKMAKERS PO BOX 2440 HIGH WYCOMBE LPO WA 6057 90,535.40

BULLSEYE BOBCAT & TRUCK HIRE 146 TOWNSEND ROAD JANDABUP WA 6077 2,997.50

BUNDY BUILDING SERVICES 36 COLREAVY RAMBLE BALDIVIS WA 6171 2,112.00

BUNNINGS BUILDING SUPPLIES P/L PO BOX 160 WELSHPOOL DC WA 6986 37,191.35

CAP ROOFING 5 FORDER ROAD NORANDA WA 6062 25,122.90

CARPET CALL 40 BRYAN PLACE BALCATTA WA 6021 2,904.00

CEDAR WEST PTY LTD PO BOX 101 WALLISTON DC WA 6925 2,511.30

CENTURION GARAGE DOORS P O BOX 1367 WANGARA WA 6947 11,798.60

CERAMICS INTERNATIONAL PO BOX 1074 OSBORNE PARK WA 6916 16,136.12

CHAMBERLAIN MARGARET THERESA 1,088.00

CITY OF COCKBURN PO BOX 1215 BIBRA LAKE DC WA 6965 1,771.58

CITY OF KWINANA PO BOX 21 KWINANA WA 6966 1,114.00

CITY OF MANDURAH PO BOX 210 MANDURAH WA 6210 4,580.56

CITY OF SWAN PO BOX 196 MIDLAND WA 6936 1,726.25

CITY OF WANNEROO LOCKED BAG 1 WANNEROO WA 6946 2,919.79

COASTAL AND COUNTRY CARPENTRY PTY LTD P O BOX 116 GINGIN WA 6503 8,030.00

COASTLINE KITCHENS 4 SMEATON WAY ROCKINGHAM WA 6168 118,783.50

COCKBURN GLASS PTY LTD UNIT 3,NO.12 HAMMOND ROAD COCKBURN CENTRAL WA 6164 52,299.10

COLLI TIMBER & HARDWARE P O BOX 2715 MALAGA WA 6944 62,392.19

COLONIAL SANDSTONE PRODUCTS P/L 25 PARAMOUNT DRIVE WANGARA WA 6065 110.00

COMMISSIONER OF STATE REVENUE GPO BOX H572 PERTH WA 6841 46,810.41

COMPLETE HIRE & SALES PTY LTD PO BOX 98 WATTLEUP WA 6166 8,255.50

CONCEICAO DAMIAN 7,787.45

CROWN SECURITY (WA) PTY LTD UNIT 2, 97 WINTON ROAD JOONDALUP WA 6027 1,034.90

CURCIARELLO, VINCE Not quantified

CYNERGIC PO BOX 8140 SUBIACO WA 6008 40.00

DAMIAN EYNON-WILLIAMS Not quantified

DAVID TUDHOPE Not quantified

DEAL, TIMOTHY 3,000.00

DELUXE PAINTING GROUP 4 JUNIPER PLACE BALLAJURA WA 6066 9,145.70

DENNY WEEDON & SARAH KURT Not quantified

DETATA, ANTHONY LEE Not quantified

D'MONTE, LISA MARIE Not quantified

DOWELL WINDOWS LTD PO BOX 262 BELMONT WA 6984 98,976.31

DRAKE SURVEYS 61 FYFE CIRCLE BULLCREEK WA 6149 36,025.00

DRAPER JON 12,040.00



DUO GLASS 52 WINTON ROAD JOONDALUP WA 6027 28,619.00

EDWARD & STACEY SMITH Not quantified

EDWIN & ELICIA SOTINGCO Not quantified

ELECTSALES PO BOX 173 OSBORNE PARK WA 6917 28,050.65

ELENA DINU Not quantified

EM, SAMETH Not quantified

ESSENTIAL CABLING UNIT 1, 6 CHULLORA BEND JANDAKOT WA 6164 153,489.44

FIELDERS 35 PRESTIGE PARADE WANGARA WA 6065 1,984.42

FINAL TRIM BOBCATS 9 BRAZIER RISE PADBURY WA 6025 3,280.20

FINNS MAINTENANCE SERVICE PO BOX 52 MELVILLE WA 6956 2,096.44

FLETCHER M & A PAINTING SERVICE 1106 BALDIVIS ROAD BALDIVIS WA 6171 1,100.00

FLOOD P & D 24 PINASTER BOULEVARD CANNING VALE WA 6155 4,696.68

FORD & DOONAN MIDLAND UNIT 2, 28 ELLIOT STREET MIDVALE WA 6056 2,570.00

FOUR LEAF CLOVER PAINTING U1/44 GREY STREET CANNINGTON WA 6107 300.00

FPM LANDSCAPES 521 RUSSELL ROAD BEELIAR WA 6164 2,343.00

FRANCIS BUILDING PTY LTD 6,718.45

FREDRICK WAITI & VANESSA SMITH-ANDREOU Not quantified

FUZZY FENCING P O BOX 643 WILLETTON WA 6155 800.00

GALAXY SITE WELD PTY LTD 71 MARLOW STREET WEMBLEY WA 6014 4,691.50

GARY & CHRISTINE DAVIES Not quantified

GARY & DEBORAH GEE Not quantified

GAS AND AIR PTY LTD P O BOX 21 WILLETTON WA 6955 2,758.30

GCS INTEGRATED SERVICES PTY LTD 2 REDCLIFFE ROAD REDCLIFFE WA 6104 2,048.99

GEGOFF, KATHLEEN Not quantified

GEOFFREY & JO-ANN HILLS Not quantified

GERRARD & VARNY POINERN Not quantified

GLENYS HARRIS Not quantified

GORDON & KAREN JACOBS Not quantified

GORILLA BRICKLAYING 54 NAPIER ROAD MORLEY WA 6062 2,724.15

GOVEY, JULIA Not quantified

GRANT MCNAB & JANINE JACKSON Not quantified

HANSSON G & E 1,350.00

HIA INSURANCE SERVICES PTY LTD PO BOX 1494 OSBORNE PARK WA 6916 42,201.00

HIND'S SAND SUPPLIES PO BOX 1026 ROCKINGHAM WA 6968 13,435.95

HIRRILL, NICOLA JANE Not quantified

HUNTER PREMIUM FUNDING PO BOX 7229 ST KILDA VIC 8004 3,239.11

IAN HARRIS & TRACEY PLUNKETT Not quantified

INCENTIVE ENTERTAINMENT PARTNERS PTY LTD C/- HLB EBSWORTH LAWYERS, GPO BOX 5408, SYDNEY NSW 2001 704,919.23

INDUSTRY FUNDS CREDIT CONTROL PO BOX 13275, LAW COURTS, MELBOURNE VIC 8010 Not quantified

INSTANT WASTE MANAGEMENT PO BOX 419 MORLEY BC WA 6943 7,196.90

INTEGRATED RECORDS MANAGEMENT PO BOX 119 CLOVERDALE WA 6985 60.50

INTELLIGENT HOME 26 WALTERS DRIVE OSBORNE PARK WA 6017 21,041.86

IP JORDAN WAE-YEUNG 3,413.00

JAN PICKERSGILL Not quantified

JANI-KING (WA) PTY LTD 85 BURSWOOD ROAD BURSWOOD WA 6100 5,216.75

JAS BUILDING COMPANY PTY LTD 104 TALBOT DRIVE KINGSLEY WA 6026 35,643.46

JENNINE HILL Not quantified

JIM & ANGIE PITTS Not quantified

JMAR CONTRACTING P O BOX 2198 WARWICK WA 6024 5,363.45

JOAN WELCH & JACQUELINE HUNTLEY Not quantified

JOHN SMITH Not quantified

JOHNSON GLEN ROBERT 12,624.40

JULIE & WILLIAM WILSON Not quantified

KALWANT SINGH & VIJAY VIJAYARATNAM Not quantified

KANNAN NATARAJAN Not quantified

KANNAN NATARAJAN Not quantified

KCL CONCRETE PO BOX 456 PINJARRA WA 6208 6,558.17

KENWALL CONSTRUCTION 51 ARALUEN CRESCENT BERTRAM WA 6167 11,503.80

KEVEN-LEE MASSEZ Not quantified

KHANH LUU & GRACE TSAI Not quantified

KINSELLA & CO 66 GORDON ROAD EAST OSBORNE PARK WA 6017 137,224.80

KO PETER CHUNG & KO-NG HOI YU DANICA Not quantified

KULUSZA ISENIA, NARDELLA ROSE & CYATYRKO PIOTR 3,786.00

KUO TUNG LIN & SHU PIN HUANG Not quantified

KURT WEEDON & SARAH DENNY Not quantified

KYLE & FAYE BRIOTTI Not quantified



LANDGATE PO BOX 2222 MIDLAND WA 6936 74.55

LAVAN LEGAL GPO BOX F338 PERTH WA 6841 3,685.55

LEETS 16 BERINGARRA AVENUE MALAGA WA 6090 136,215.09

LEGEND HOMES AUSTRALIA PTY LTD 16 LAURINA PLACE MORLEY WA 6062 67,714.44

LENZO PLASTERERS UNIT 4/68 GUTHRIE STREET OSBORNE PARK WA 6017 67,531.75

LOCAL GEOTECHNICS PO BOX 5050, CANNING VALE SOUTH WA 6155 990.00

LUCACIU FAMILY TRUST 16 TISSINGTON DRIVE DARCH WA 6065 12,554.43

M & B SALES PO BOX 359 MORLEY WA 6943 23,435.63

MANCYL TRUST 40 HELICONIA TURN STIRLING WA 6021 1,485.00

MANDURAH BUILDERS SCAFFOLD & SALES 3 RAFFERTY CLOSE MANDURAH WA 6210 2,979.38

MANDURAH CRANE HIRE PTY LTD P O BOX 2193 ROCKINGHAM WA 6967 1,775.13

MARK DICKSON Not quantified

MASSEYS HERD 20 MARJORIE STREET MULLALOO WA 6027 77.20

MASSEZ KEVIN-LEE 6,919.00

MATTHEW BROWNE Not quantified

MATTHEW MCKAY EARTHMOVING LOT 23 PINJARRA ROAD NORTH YUNDERUP WA 6208 16,753.00

MAYA PURUSHOTHAMAN & ALASDAIR LEE Not quantified

MAYA PURUSHOTHAMAN & ALASDAIR LEE Not quantified

MCKENNA HAMPTON INSURANCE BROKERS PTY LTD PO BOX 204 WEST PERTH WA 6872 8,920.00

MCKENZIE, SARA-JANE Not quantified

MERIT CONSULTING GROUP P O BOX 3165 MALAGA WA 6945 25,962.20

METRO CRANE HIRE PTY LTD P O BOX 227 INNALOO WA 6918 2,978.25

MICHAEL DAVIES Not quantified

MICHAEL SMITH ATF SMITH FAMILY TRUST 17,376.00

MICHELLE SMITH Not quantified

MICROMEDIA ADVERTISING PO BOX 4066 SWAN VIEW WA 6056 12,178.55

MING NG Not quantified

MITCH & SANDRA USCA Not quantified

MONDELLOS JOINERY & CABINETS 10 HATHOR WAY BIBRA LAKE WA 6163 425,583.14

NATASHA BLUNDELL & SHAWN DEVERUEX Not quantified

NATH IYER Not quantified

NATIONAL AUSTRALIA BANK LIMITED GROUP STRATEGIC BUSINESS SERVICES, LEVEL 34, 500 BOURKE STREET, MELBOURNE VIC 3000 11,351,739.78

NATIONWIDE AUSTRALIAN INVESTMENTS 52,803.00

NEWBEY SIRICHAN 5,915.97

NORANDA HILLS PAINTING SERVICE 22 OBERON CLOSE DIANELLA WA 6059 1,925.00

OGLE, DAVID 616.00

OWNERS OF TIMBERS EDGE STRATA PLAN 44545 55 WILDWOOD HILL DAWESVILLE WA 6211 155.00

PAINTINSPEC 18B MARCHAMLEY PLACE CARLISLE WA 6101 412.50

PALFREY, PAIGE MARIE Not quantified

PASK, DION 1,098.90

PEET ESTATES (WA) PTY LTD PO BOX 7224 CLOISTER SQUARE WA 6850 10,000.00

PELLITT BRICK CLEANING PTY LTD 27 HILLSIDE FAIRWAY MEADOW SPRINGS WA 6210 4,184.48

PELLITT, MATTHEW 533.59

PERTH DESIGN CENTRE 428 SCARBOROUGH BEACH ROAD OSBORNE PARK WA 6017 12,606.00

PERTH SKYLIGHT CO. - NORTH 1 MINNIE COURT MARANGAROO WA 6064 510.00

PETER & JANET BARNETT Not quantified

PETER & PEARL BORE Not quantified

PHILLIP & DIANNE GLOSSOP Not quantified

PIARA BRICKLAYING PTY LTD 13 BRIDAL CRESCENT KENWICK WA 6107 10,609.94

PIERCE KARYL 18.00

PINJARRA BOBCATS 1798 PINJARRA ROAD PINJARRA WA 6208 9,597.50

PLATINUM REALTY GROUP 34A CRONULLA AVENUE, MERMAID BEACH QLD 4218 4,350.00

PYOSHIK BANG Not quantified

RAINE & HORNE COMMERCIAL PO BOX 1152 WEST PERTH WA 6872 26,203.98

RAVJI & PREMBAI HIRANI Not quantified

REALESTATE.COM.AU PTY LTD PO BOX 3332 VICTORIA GARDENS VIC 3121 11,169.39

REECE PTY LTD 4 SPARTAN STREET JANDAKOT WA 6164 9,109.27

RITA & STEPHEN SACH Not quantified

ROBERT HIGGS & JANE LAZARUS Not quantified

ROOF CARPENTRY WA 13 LOWLANDS CRESCENT SECRET HARBOUR WA 6173 8,120.00

ROOF SAFE PTY LTD 29 TULLOCH WAY CANNINGVALE WA 6155 1,751.75

RUJIC ANDREA 228.69

SAMANTHA PHATOUROS Not quantified

SARAVANAKUMAR SATRAVAIN 1,297.00

SCOPE BUSINESS IMAGING 80 HASLER ROAD, OSBORNE PARK WA 6017 Not quantified

SEAN & CHLOE BUNTON Not quantified



SHANE & KIM READER Not quantified

SHARON WOOD Not quantified

SIANG HUANG CHEW Not quantified

SIBY P & ISSAC A 439.70

SIGN CRAFT 1/77 GORDON ROAD MANDURAH WA 6210 1,875.50

SIYA & MANAV GUPTA Not quantified

SIZOSKI, MELISSA ELIZABETH Not quantified

SMART CHECK INSPECTIONS 18 ASHBURTON STREET EAST VICTORIA PARK WA 6101 5,584.40

SOOPER TILING SERVICE PTY LTD 21 HILLCREST COURT PORT KENNEDY WA 6172 25,427.11

SOUTHERN CROSS AUSTEREO PTY LTD PO BOX 8984 GCMC QLD 9726 42,209.20

SPLICE I.T. PO BOX 221 PARKWOOD WA 6147 1,347.50

STANLEY-SMITH WELDING & FABRICATION 11 BENTWOOD CLOSE THORNLIE WA 6108 475.00

STAPLES AUSTRALIA PTY LTD PRIVATE BAG 16 ALEXANDRIA NSW 1435 7,224.39

STAR PLUMBING PO BOX 1592 OSBORNE PARK WA 6916 164,103.21

STEFANI BUILDING SERVICES 6,706.54

STEVE ROBERTS Not quantified

STEVEN & ALEX-SASCHA KELLY Not quantified

STRATCO (WA) PTY LTD PO BOX 1515 CANNINGVALE WA 6970 16,340.21

STRUCTERRE CONSULTING ENGINEERS PO BOX 792 BALCATTA WA 6914 75,313.26

SUTHERLAND STEPHEN 76 PALMERSTON CRESCENT TAPPING WA 6065 825.00

SWEETING DAN 50.00

SYNERGY GPO BOX U1913 PERTH WA 6845 3,403.06

T & T PAVING & BRICKWORK P/L 10 SPARKES COURT GIRRAWHEEN WA 6064 1,390.09

TARA MURPHY & JARED KIRKBY Not quantified

TATE AIDAN & JOANNA 1,500.00

TEKSOFT PRINT 878 ALBANY HIGHWAY EAST VICTORIA PARK WA 6101 2,341.00

TELSTRA GPO BOX 9901 MELBOURNE VIC 3001 978.42

TENNICK LIAM 8,880.30

TERMICO INSULATION SERVICES PO BOX 1756 MALAGA WA 6944 120,054.88

TERMICO PEST MANAGEMENT PO BOX 1756 MALAGA WA 6944 53,853.62

TERMICO PRIVATE CERTIFICATION SERVICES P O BOX 1756 MALAGA WA 6944 8,011.14

TERMICO SOLAR GENERATION PTY LTD P O BOX 1756 MALAGA WA 6944 1,083.50

TEXTURE WA PO BOX 1643 OSBORNE PARK DC WA 6916 49,159.19

THOMLINSON PAINTING 5 ICTERINE ROAD EGLINTON WA 6034 2,991.40

TRANSFORM RENO PTY LTD 33 PRENDWICK WAY WILLETTON WA 6155 911.96

TREVOR & JUDITH TOPE Not quantified

UNIQUE CURTAINS 2,152 BALCATTA ROAD BALCATTA WA 6021 10,620.83

URBAN (WA) PTY LTD 31 CAMERON COURT WILLETTON WA 6155 1,268.08

VODAFONE PTY LTD GPO BOX 2699 SYDNEY NSW 1158 203.98

WA TIMBER SALES PO BOX 1926 WANGARA WA 6947 175,924.11

WATER CORPORATION PO BOX 1600 OSBORNE PARK DC WA 6916 2,917.84

WATER FILTERS AUSTRALIA PO BOX 636 HARBORD NSW 2096 163.19

WATERSEAL WATERPROOFING PTY LTD P O BOX 1007 WANGARA DC WA 6947 12,558.50

WAYNE DALLEY Not quantified

WAYNE KESWICK & IVY ISACK Not quantified

WEI NG Not quantified

WEST 7 PAINTING 22B WALDERTON AVENUE BALGA WA 6061 5,571.82

WEST METRO PAINTING PTY LTD 4 TEMPANY WAY KOONDOOLA WA 6064 9,821.58

WESTCOAST SITEWORKS P O BOX 1893 WANGARA DC WA 6947 14,663.00

WESTERN CARPENTRY SERVICE PTY LTD 84 MURRAY WATERS BLVD SOUTH YUNDERUP WA 6208 12,115.40

WESTRALIAN PAVING GROUP 275 MULGA DRIVE EAST PARKLANDS WA 6180 2,930.09

WHITEWALL PLASTERING SERVICES PO BOX 1042 MORLEY WA 6062 48,775.46

WILSON COLMAN 12,012.00

WL CONCRETE 12 CAREENING WAY COOGEE WA 6166 2,290.18

WONDER WALLS 180 RALEIGH STREET CARLISLE WA 6101 7,073.00

WORLD OF PLASTER 9 WHYALLA COURT BIBRA LAKE WA 6163 83,397.18

YOUR TRADE SOLUTION 13/20 HUCKLE STREET OSBORNE PARK WA 6060 33,838.75

ZEPHYR CLEANING SERVICE 7 MOROTAI GREEN DIANELLA WA 6059 596.45

1

Collier Homes Pty Ltd (In Liquidation)

ACN 008 681 454

General Information for Attending and Voting at Meetings of Creditors

Time and Place of Meeting

Pursuant to Corporations Regulation (“Regulation”) 5.6.14 a meeting of creditors must be convened at a time and

place most convenient for the majority of creditors entitled to receive notice of the meeting.

Quorum

Pursuant to Regulation 5.6.16 a meeting must not act for any purpose except:

– the election of a chairperson; and

– the proving of debts; and

– the adjournment of the meeting:

unless a quorum is present.

A quorum is deemed to be present if at least 2 (two) creditors are present at the meeting in person, by

proxy, by power of attorney or participating by telephone.

A meeting is sufficiently constituted if only one person is present in person if the person represents

personally or by proxy or otherwise a number of persons sufficient to constitute a quorum.

Chairperson

Pursuant to Section 497(8) of the Corporations Act 2001, the creditors may appoint one of their number or the

director who attends the meeting as Chairperson of the meeting.

Voting

Pursuant to Regulation 5.6.23 creditors will not be eligible to vote at the meeting unless they have lodged

particulars of their debt or claim prior to or at the meeting.

Accordingly, creditors who intend to vote at the meeting should ensure that they lodge a formal proof of

debt with the company prior to or at the meeting.

Pursuant to Regulation 5.6.19 all resolutions put to the meeting will be decided on the voices unless a poll

is demanded, before or on the declaration of the result of the voices.

A poll may be demanded by:

– the chairperson; or

– at least 2 (two) persons present in person, by proxy, by power of attorney or participating by

telephone and entitled to vote at the meeting; or

– a person present in person, by proxy, by power of attorney or participating by telephone and

representing not less than 10% of the total voting rights of all persons entitled to vote at the

meeting.

2

Pursuant to Regulation 5.6.21, should a poll be demanded:

– a resolution will be carried if a majority in number and a majority in value vote in favour of the

resolution; and

– a resolution will be lost if a majority in number and a majority in value vote against the proposed

resolution.

In the event of a deadlock, the chairperson may exercise a casting vote. In such situations, the minutes of

the meeting must specify the chairperson’s reasons for exercising, or not exercising, their casting vote.

Proxies

Pursuant to Regulation 5.6.28 creditors who are entitled to attend and vote at the meeting may appoint a

natural person over the age of 18 years as their proxy to attend and vote at the meeting on their behalf.

Accordingly, creditors who are unable to attend the meeting but who wish to be represented should ensure

that a validly executed proxy form is lodged with the company prior to or at the meeting.

Pursuant to Regulations 5.6.28 and 5.6.36A creditors may lodge a facsimile copy of a proxy form with the

company prior to the meeting, however, the original of the instrument must be received by the company

within 72 hours of receipt of the faxed copy.

Pursuant to Regulations 5.6.28, 5.6.29 and 5.6.31 creditors may lodge a proxy form with the company prior

to the meeting by electronic means, however electronic lodgement will only be possible where the

convenor has specified an electronic address or other electronic means on the proxy form. Proxy forms

lodged via electronic means must be validly executed by signing and scanning the form.

Pursuant to Regulation 5.6.32 a person may, should they so desire, appoint the Chairperson by name or by

reference to his or her office to act as his, her or its general or special proxy.

Pursuant to Regulation 5.6.33 special proxies, but not general proxies, can be used to vote in favour of any

resolution that would directly or indirectly place the holder of the proxy (or any partner or employee of

that person) in a position to receive any remuneration out of the assets of the company, except as an

ordinary unsecured creditor.

Corporate Creditors

Corporate creditors who wish to attend the meeting should note that they may only be represented by an individual

if that person is validly granted a proxy or power of attorney by that corporation.

Alternatively, Section 250D of the Corporations Act 2001 provides that a corporation may, by resolution of its board,

provide a standing authority for a specified person to represent the corporation at specified meetings of creditors.

A copy of any such resolution should be provided to the company prior to or at the meeting.

3

Committee of Inspection

Pursuant to Section 548 of the Corporations Act 2001, a person may only serve as a member of a Committee of

Inspection if the person is:

a creditor or contributory of the company personally; or

the attorney of a creditor or contributory under a general power of attorney; or

authorised in writing by a creditor or contributory.

Corporate creditors who are members of a Committee of Inspection may be represented by:

an officer or employee of the member; or

an individual authorised in writing by the member to represent the member on the committee.

*Strike out this section if this proof is made by the creditor personally.

Australian Company Number: 008 681 454

FORM 535

Subregulation 5.6.49(2)

Corporations Act (2001)

FORMAL PROOF OF DEBT OR CLAIM

(GENERAL FORM)

To the Liquidators of Collier Homes Pty Ltd (In Liquidation)

1. This is to state that the company was on 17 October 2016 (date of court order in winding up by the Court, or date of

resolution to wind up, if a voluntary winding up), and still is, justly and truly indebted to:

_____________________________________________________________________________________________________________________

(full name and address of the creditor and, if applicable, the creditor's partners. If prepared by an employee or

agent of the creditor, also insert a description of the occupation of the creditor) for

$_______________and______cents.

Date Consideration (state how the

Debt arose)

Amount

$ c

Remarks (include details of

voucher substantiating payment

2. To my knowledge or belief the creditor has not, nor has any person by the creditor's order, had or received any satisfaction

or security for the sum or any part of it except for the following: (insert particulars of all securities held. If the securities are

on the property of the company, assess the value of those securities. If any bills or other negotiable securities are held,

show them in a schedule in the following form).

Date Drawer Acceptor Amount $c Due Date

*3. I am employed by the creditor and authorised in writing by the creditor to make this statement. I know that the debt was

incurred for the consideration stated and that the debt, to the best of my knowledge and belief, remains unpaid and

unsatisfied; OR

*3. I am the creditor's agent authorised in writing to make this statement in writing. I know that the debt was incurred for

the consideration stated and that the debt, to the best of my knowledge and belief, remains unpaid and unsatisfied.

........................................... Dated

Signature

Occupation:

Address

1

Proofs of Debt

Notes for your guidance

(Please read carefully before filling in Form 535 or Form 536)

It is a creditor’s responsibility to prove their claim to our satisfaction.

When lodging claims, creditors must ensure that:

a) the proof of debt form is properly completed in every particular; and

b) evidence, such as that detailed below, is attached to the Form 535 or Form 536.

Directions for completion of a Proof of Debt

1. Insert the full name and address of the creditor.

2. Under “Consideration” state how the debt arose, for example “goods sold to the company on …………….…..”.

3. Under “Remarks” include details of any documents that substantiate the debt (refer to the section titled

“Information to support your claim” below for further information).

4. Where the space provided for a particular purpose is insufficient to contain all the required information in

relation to a particular item, that information should be set out in an annexure.

5. An annexure to the form must have an identifying mark and be endorsed with the words:

“This is the annexure of …… pages marked …… referred to in the Form 535/536 signed by me and

dated …………………

…………………………………… ……………………………………………………..

Signature(s) Name of Signatory “IN BLOCK LETTERS”

and signed by each person signing the form to which the document is annexed.

6. The pages in the annexure must be numbered consecutively.

7. Where a document, copy of a document or other matter is annexed to a form, reference made in the form to

the annexure shall be by its identifying mark, the number of pages in it, and a brief description of the nature of

the document and its contents.

8. A reference to an annexure includes a document, copy of a document or any other matter accompanying,

attaching to or annexed to a form.

Information to support your claim

Please note that your debt is not likely to be accepted unless evidence to support its existence is provided. Detailed

below are some examples of the type of debt creditors may be claiming and a suggested list of documents, copies

of which should accompany a proof of debt for that class of creditor.

Trade Creditors

Statements and supporting invoices(s) showing the amount of the debt; and

Advice(s) to pay outstanding invoice(s) (optional).

Guarantees/Indemnities

Executed guarantee/indemnity;

2

Notice of Demand served on the guarantor; and

Calculation of the amount outstanding under the guarantee.

Judgment Debt

Copy of the judgment; and

Documents/details to support the underlying debt as per other categories.

Deficiencies on Secured Debt

Security Documents (eg. mortgage);

Independent valuation of the secured portion of the debt (if not yet realised) or the basis of the creditor’s

estimated value of the security;

Calculation of the deficiency on the security; and

Details of income earned and expenses incurred by the secured creditor in respect of the secured asset

since the date of appointment.

Loans (Bank and Personal)

Executed loan agreement; and

Loan statements showing payments made, interest accruing and the amount outstanding as at the date of

appointment.

Tax Debts

Documentation that shows the assessment of debts, whether it is an actual debt or an estimate, and

separate amounts for the primary debt and any penalties.

Employee Debts

Basis of calculation of the debt;

Type of Claim (eg. wages, holiday pay, etc);

Correspondence relating to the debt being claimed; and

Contract of Employment (if any).

Leases

Copy of the lease; and

Statement showing amounts outstanding under the lease, differentiating between amounts outstanding at

the date of the appointment and any future monies.

FORM 532

Corporations Act 2001

Regulation 5.6.29

Collier Homes Pty Ltd ACN 008 681 454

(In Liquidation)

(the Company”)

APPOINTMENT OF PROXY

I/We (1) __________________________________________________________________________________________________________________ of

_______________________________________________________________________________________________________________________________

a creditor/member of Collier Homes Pty Ltd (In Liquidation) appoint

(2)______________________________________________________________________________________________________ or in his/her absence

____________________________________________________________________________________________________________ as my/our general

proxy to vote at the meeting of creditors to be held on 4 November 2016 at 3:30PM or at any adjournment of that

meeting.

DATED this ___________ day of ________________________ 2016

(3) Signature ___________________________________

CERTIFICATE OF WITNESS - only complete if the person given the proxy is blind or incapable of writing.

I, _________________________________________________ of _______________________________________________________________________

certify that the above instrument appointing a proxy was completed by me in the presence of and at the request of

the person appointing the proxy and read to him before he attached his signature or mark to the instrument.

DATED this ___________ day of ________________________ 2016

Signature of witness ___________________________________

Description ___________________________________

Place of residence ___________________________________

___________________________________

Notes:

(1) If a firm strike out "I" and set out the full name of the firm.

(2) Insert the name of the person appointed.

(3) If the creditor is a sole trader , sign in accordance with the following example: “A.B., proprietor”.

If the creditor is a partnership, sign in accordance with the following example: “A.B., a partner of the said firm.”

If the creditor is a company, then the form of proxy must be under its Common Seal or under the hand of some officer duly authorised in that capacity, and the fact that the officer is so authorised must be stated in accordance with the following example: “for the company, A.B.” (duly authorised under the Seal of the Company).

Proxy forms should have been completed and returned by no later than 4:00PM (AWT) on 3 November 2016 to

be eligible to vote at the meeting.

RETURN TO: Collier Homes Pty Ltd (In Liquidation)

C/- McGrathNicol, GPO Box 9986, Perth WA 6848

Phone: +61 8 6363 7600

Fax: +61 8 6363 7699

1

Proxy

Notes for your Guidance

Insert full name and address of creditor, contributory or member on the top line.

On the second line, insert the name of the person you appoint as your proxy. You may insert “the

Chairperson of the meeting” if you wish.

On the next line insert the organisation the proxy holder represents or works for (not required if the

Chairperson is your proxy).

You may appoint an alternate proxy on the fourth line who may act if your first appointed proxy cannot

attend the meeting. You may insert “the Chairperson of the meeting” if you wish.

If the proxy is a general proxy the form requires no addition.

If the proxy is a special proxy the form must include instructions regarding the use of the proxy (i.e. details

of the resolution and whether the proxy holder is to cast a vote in favour or against the resolution or

abstain from voting).

Date and sign the Proxy form using one of the following various forms of execution:

Sole Trader - Sign the proxy yourself.

Partnership - e.g. sign – “Smith & Associates

Per John Smith - Partner”

Company - (i) By a director or secretary, e.g. “J Smith – Director”.

(ii) By a person duly authorised to sign on behalf of the company, e.g.

“Smith & Sons Pty Ltd. ACN: ______________

Per: J Smith

A person duly authorised to sign on the company’s behalf”.

OR

“Smith & Sons Pty Ltd. ACN: ______________

By its duly constituted attorney J Smith”.

NB: If signing on behalf of a company the following example is not

sufficient:

”Smith & Sons Pty Ltd. ACN: _______________

Per: J Smith”

“Certificate of Witness” is only to be used where the Proxy is being completed on behalf of a person who is

blind or incapable of writing. In all other cases a witness to the signature of the person appointing the

Proxy is not required and you may ignore the section headed “Certificate of Witness”.

Collier Homes Pty Ltd (In Liquidation) ACN 008 681 454 Liquidators’ remuneration report to creditors 27 October 2016

1

Liquidators’ remuneration 1

Liquidators’ remuneration can only be fixed by resolution of a committee of inspection, the company’s creditors or by

application to the Court.

In accordance with Section 449 of the Act and the ARITA Code of Professional Practice, a Schedule of Remuneration

Methods and Hourly Rates has been attached for creditors’ reference.

In this section, the Liquidators outline the work undertaken by the Liquidators and their staff for the period from the

commencement of the liquidation to 24 October 2016. The Liquidators intend to seek creditor approval of their

remuneration totalling $43,946.54 incurred during the period from the commencement of the liquidation to

24 October 2016 at the upcoming meeting of creditors.

Declaration 1.1

We, Matthew Caddy and Barry Kogan of McGrathNicol, have undertaken a proper assessment of this remuneration claim

for our appointment as Liquidators of Collier Homes Pty Ltd in accordance with the law and applicable professional

standards. We are satisfied that the remuneration claimed is in respect of necessary work, properly performed, or to be

properly performed, in the conduct of the Liquidation.

Summary 1.2

To date no remuneration has been approved or paid in this liquidation. This remuneration report details approval sought

for the following fees:

Period Report

reference

Amount

(ex GST)

Remuneration approval sought:

Resolution 1: 17 October 2016 – 24 October 2016 (actual) 1.3 $43,946.54

Resolution 2: From 25 October 2016 onwards 1.4 $100,000.00

Total actual and estimated Liquidators remuneration* $143,946.54

* Approval for the future remuneration sought is based on an estimate of the work necessary to perform the Liquidators’

duties. If additional work is necessary beyond what is contemplated, a further report will be provided and approval

sought from creditors. If the work undertaken is less than the estimated amount, the lesser amount will be paid.

Please refer to the report section references detailed in the above table for full details of the calculation and composition

of the remuneration approval sought.

2

Remuneration incurred from date of appointment to 24 October 2016 (actual) 1.3

The following resolution will be proposed at the meeting of creditors convened for 4 November 2016:

“That the remuneration of the Liquidators, their partners and staff, for the period from 17 October 2016 to

24 October 2016, calculated on hours spent at the rates detailed in the Schedule of Remuneration Methods and

Hourly Rates provided to creditors, in the amount of $43,946.54 (exclusive of GST), is hereby approved for

payment.”

A description of tasks performed is set out below and a schedule of fees during this remuneration period is detailed at

Appendix A of this report.

General description Task area Includes

Asset realisation

32.1 hours

$15,387.21 (ex GST)

Assets Identifying assets.

Securing assets.

Preparing and reviewing display home listing.

Conducting and reviewing asset searches.

Meetings with Management in relation to assets.

Engaging and liaising with auctioneers.

Meetings on site with auctioneers.

Overseeing removal of assets by auctioneers.

Reviewing leased assets schedule, lease agreements and documentation.

Preparing and issuing lease disclaimer letters.

Coordinating returns of company property from employees.

Employees

9.2 hours

$4,534.00 (ex GST)

Employee entitlements /

queries Addressing employees on Day 1 regarding appointment.

Preparing and issuing termination letters.

Preparing and issuing retention letters.

Liaising with Management regarding employee entitlements.

Liaising with FEG.

Reviewing books and records to consider what information is available to the Liquidators.

Reviewing and responding to various employee queries by telephone, email and in person.

Collating employee contracts.

Considering whether contractors may be deemed to be employees.

Payroll Liaising with payroll provider to ensure payroll is processed

for retained employees.

Liaising with staff regarding timesheets.

Reviewing timesheets.

Preparing payroll for week ending 24 October 2016.

3


Creditors

11.4 hours

$6,273.36 (ex GST)

Meetings Preparing and reviewing meeting materials for first meeting

of creditors.

Organising meeting logistics including booking venue.

Compiling and reviewing creditors’ listings.

Secured creditors Liaising with secured creditors regarding various matters.

Undertaking analysis for secured lender.

Negotiating and reviewing secured lender funding deed.

Liaising with legal advisors in relation to funding deed.

Unsecured creditors Issuing circular to creditors.

Compiling unsecured creditor analysis.

Liaising with unsecured creditors.

PPSR Reviewing and analysing PPSR registrations.

Communicating with each party claiming a security interest.

Dealing with PPSR claims.

Facilitating collection of assets by parties with valid security interests.

Closure of business

3.9 hours

$2,202.50 (ex GST)

Closure of business Internal meetings regarding shutdown requirements.

Preparing circular to customers.

Attending to customer queries.

Liaising with landlords.

Liaising with key suppliers, including utility providers.

Organising mail redirections.

Sale of business

7.1 hours

$3,644.17 (ex GST)

Sale of business Internal meetings regarding sale strategy.

Preparing sale advertisement.

Obtaining and reviewing information regarding pre-appointment sale process.

Preparing and reviewing interested party register.

Preparing, compiling, reviewing and issuing sale materials and data pack.

Liaising with interested parties.

4


General

administration

25.7 hours

$11,905.30 (ex GST)

Statutory

2.9 hours

$1,075.88 (ex GST)

Preparing and lodging statutory forms including Form 505 (appointment), Form 525 and Form 5011.

Reviewing and issuing RATA pack to Director.

Preparing Liquidators’ DIRRI.

Notifying the ATO of Liquidators’ appointment and registration for GST and PAYG.

Preparing and issuing notifications to statutory bodies of Liquidators’ appointment.

Lodging notifications of lease disclaimers with ASIC.

Strategy and

administration

3.7 hours

$1,955.57 (ex GST)

Determining project strategy.

Internal meetings on strategy and actions required.

Meetings with Management and Director.

Liaising with legal advisor.

Reviewing media statement.

Reviewing media enquiries and liaising with media advisor.

File maintenance and managing correspondence.

Maintaining checklists and task lists.

Collecting documentation.

Banking

0.9 hours

$198.86 (ex GST)

Opening Liquidators’ bank account.

Issuing notification of appointment to banks.

Dealing with bank administration issues.

Insurance

1.8 hours

$840.71 (ex GST)

Notifying insurance broker of appointment.

Liaising with insurance broker regarding various queries.

Liaising with Management regarding insurance policies.

Considering strategy regarding building indemnity insurers.

Liaising with state based home indemnity insurers.

Preparing for and attending insurance meeting with QBE regarding home indemnity insurance and Liquidators’ ongoing strategy.

Reviewing insurance policy documents.

Liaising with insurance broker and legal advisors regarding potential claims.

Books and records

16.4 hours

$7,834.29 (ex GST)

Undertaking forensic imaging of electronic books and records.

Locating books and records.

Reviewing books and records.

Archiving books and records.

5

Future works to be completed - Liquidation 1.4

At the meeting of creditors, the Liquidators will put a resolution to creditors for approval of prospective Liquidators’ fees

capped to $100,000.00 (excluding GST) for the period from 25 October 2016 onwards (as described in the resolution

below).

Creditors should note that the proposed liquidation fees are in addition to the fees outlined in section 1.3.

The following resolution will be proposed at the meeting of creditors convened for 4 November 2016:

“That the prospective remuneration of the Liquidators, to the maximum amount of $100,000.00 (excluding GST),

calculated on hours spent at the rates detailed in the Schedule of Remuneration Methods and Hourly Rates provided

to creditors, for the period from 25 October 2016 until the work undertaken in the estimation of remuneration is

complete, or the time charges for work undertaken exceeds the capped fee amount (whichever occurs first).

Creditors acknowledge that if actual costs incurred are below the amount approved, the Liquidators are only

authorised to draw the amount incurred. Creditors also acknowledge that if actual costs incurred exceed the

amount approved, the Liquidators will seek further approval from creditors.

The Liquidators are approved to draw their remuneration as and when it is incurred from funds under their control.”

The estimate of work to be done by the Liquidators and their staff is set out in the table below.

Task area General description Includes

Asset realisation

Assets Liaise with secured creditors to agree strategy for realisation

of display homes.

Conduct a sale process to realise owned display homes.

Arrange for sale of office furniture and equipment with auctioneers and obtain proceeds.

Correspondence with debtors via phone and email to confirm and agree payments.

Maintain debtor collections schedule.

Consider recovery actions for non-payment by debtors.

Employees

Employee entitlements

and FEG Correspondence with employees to finalise schedule of

employee entitlements.

Review sales commission arrangements with various employees and/or contractors.

Correspondence with FEG.

Preparing notification sheets and reports to FEG.

Liaise with FEG regarding payment of entitlements to employees.

Prepare and issue payment summaries to employees.

Liaise with and update employees regarding the progress of the liquidation.

Recording employee information in MYOB.

Closure of business Customers Liaise with insurers regarding handover of key construction

and other home building related documents.

Liaise with customers regarding specific issues relevant to each customer.

6


Other Manage exit of leased office premises, including securing

and transferring all company records offsite.

Transfer or disclaim leases for display homes, depending upon outcome of sale process.

Sale of business Sale of business Liaise with interested parties via phone and email regarding

offers to purchase certain assets of the company.

Assess offers received from interested parties and determine appropriate realisation strategy.

Complete sale contract with purchaser(s) (if applicable).

Investigations

Assessment Reconstruct profit and loss position to assess potential date

of insolvency.

Consider any potential insolvent trading claims against Director.

Prepare and finalise Liquidator report to ASIC under s533 of the Act.

Review and consider the manner in which the company officers discharged their fiduciary duties.

If required, commence proceedings against company officers for failure to discharge fiduciary duties.

Consider any potential voidable transactions.

Consider any additional information made available to the Liquidators following the meeting of creditors.

Creditors

Creditor enquiries Liaise with creditors regarding claims and submission of

POD’s.

Provide creditors with updates regarding the Liquidation generally.

Reviewing and preparing correspondence to creditors and their representatives via email and post.

Secured creditors Liaise with secured creditor regarding sale of assets,

including owned display homes.

7


Meeting of Creditors Preparing for and attending the meeting of creditors,

including preparing the meeting circular, notices, proxies, and advertisements.

Forwarding notice of creditors meeting to all known creditors.

Book meeting room and set-up teleconference details for meeting of creditors.

Preparing meeting file including Chairman’s notes, agenda, certificate of postage, attendance register, list of creditors, and advertisement of meeting.

Convening the meeting of creditors to be held on 4 November 2016.

Prepare and record minutes of meeting and lodge same with ASIC.

General

administration

Statutory Liaise with ATO and ASIC.

Prepare and submit quarterly BAS returns.

Prepare and submit six monthly returns to ASIC.

Maintain project checklists.

Strategy and admin Attending internal discussions and planning in relation to the

liquidation.

Discussions with company officers and employees with respect to the liquidation, including responding to queries.

Filing of documents and file management.

Updating checklists.

Banking Monitoring cash position.

Preparing and authorising receipt and payment vouchers.

Prepare and review of bank reconciliations.

Insurance Arrange for insurance policies for company assets.

Liaise with insurance broker to determine if a notification of should be made under the D&O policy.

Provide wages declaration for Workers Compensation insurance.

Books and records Arrange for storage of books and records.

8

APPENDIX A: Liquidators’ schedule of actual remuneration to 24 October 2016

Collier Homes Pty Ltd (In Liquidation) - Fees

Position Total hours Total fees $ Statutory

Strategy

& admin Banking Insurance

Books &

records

Partner 650 7.3 4,739.27 260.00 195.00 1,532.14 1,196.00 931.67 243.75 325.00 - 55.71 -

Director 1 595 6.7 4,012.00 654.50 357.00 1,164.50 714.00 - 178.50 348.50 - 595.00 -

Director 550 15.0 8,250.00 2,420.00 1,760.00 3,025.00 - - - 825.00 - - 220.00

Senior Manager 500 7.5 3,742.32 378.57 140.00 157.14 80.00 2,575.00 18.75 300.00 - 78.57 14.29

Manager 475 1.7 798.17 - 190.00 298.57 - - 255.31 - 54.29 - -

Manager 1 475 39.5 18,762.50 11,162.50 - - - - - - - - 7,600.00

Assistant Manager 430 4.9 2,094.71 - 1,892.00 - 86.00 - - 79.86 12.29 24.57 -

Accountant 275 3.9 1,085.56 491.07 - - 126.50 137.50 271.56 58.93 - - -

Undergraduate 190 0.6 114.00 - - - - - - - 114.00 - -

Administration 160 2.2 348.00 20.57 - 96.00 - - 108.00 18.29 18.29 86.86 -

Total (ex GST) 89.3 43,946.54 15,387.21 4,534.00 6,273.36 2,202.50 3,644.17 1,075.88 1,955.57 198.86 840.71 7,834.29

Rate ($/hour)

Asset

realisation Employees Creditors

Closure of

business

Sale of

business

General administration

1

Schedule of Remuneration Methods and Hourly Rates

Introduction 1

This information is to assist you with understanding how remuneration is calculated and paid in an

insolvency administration.

Basis of remuneration 2

Remuneration methods 2.1

There are four basic methods that can be used to calculate the remuneration charged by an insolvency

practitioner. They are:

Time based/hourly rates

This is the most common method. The total fee charged is based on the hourly rate charged for each

person who carried out the work, multiplied by the number of hours spent by each person on each of the

tasks performed.

Fixed Fee

The total fee charged is normally quoted at the commencement of the liquidation and is the total cost for

the liquidation. Sometimes a practitioner will finalise a liquidation for a fixed fee.

Percentage

The total fee charged is based on a percentage of a particular variable, such as the gross proceeds of asset

realisations.

Contingency

The practitioners’ fee is structured to be contingent on a particular outcome being achieved.

Method Proposed 2.2

We propose that our remuneration will be calculated on a time basis which will be recorded and charged in

six minute increments. Details of the hourly rates for different levels of staff are included below. The

complexity and demands of the liquidation will determine the staff to be utilised for this appointment.

This method is considered to be most suitable for this appointment as it ensures creditors are only charged

for work that is performed in the liquidation, which can be difficult to accurately estimate at the date of

appointment.

Creditors will be advised of the proposed basis of remuneration in our initial remuneration advice to them.

Explanation of Hourly Rates 3

The rates for our remuneration calculation are set out in the following table, together with a general guide

showing the qualifications and experience of staff engaged in the liquidation and the role they take in the

liquidation. The hourly rates charged encompass the total cost of providing professional services and

should not be compared to an hourly wage.

2

Title Guide to qualifications and role Hourly rate

(excl GST)

Appointee/Partner Registered liquidator, Chartered Accountant or equivalent and

generally degree qualified with more than twelve years of

experience. Leads assignments with full accountability for

strategy and execution.

$650

Director 1 Generally, Chartered Accountant or comparable qualification

and degree qualified with more than ten years of experience,

including four years of Director or equivalent experience.

Autonomously leads complex insolvency appointments

reporting to Appointee/Partner.

$595

Director Generally, Chartered Accountant or comparable relevant

qualification and degree qualified with more than nine years

of experience. Autonomously leads insolvency appointments

reporting to Appointee/Partner.

$550

Senior Manager Generally, Chartered Accountant or comparable relevant

qualification and degree qualified with more than seven years

of experience. Self-sufficiently conducts small to medium

insolvency appointments and leads major workstreams in

larger matters.

$500

Manager 1 Generally, Chartered Accountant or comparable relevant

qualification and degree qualified with more than six years of

experience, including two years of Manager 2 or equivalent

experience. Self-sufficiently conducts small to medium

insolvency appointments and takes a supervisory role on

workstreams in larger matters.

$490

Manager Generally, Chartered Accountant or comparable relevant

qualification and degree qualified with more than five years of

experience. Self-sufficiently conducts small insolvency

appointments and takes a supervisory role on workstreams in

larger matters.

$475

Assistant Manager Generally, Chartered Accountant or comparable relevant

qualification and degree qualified with more than three years

of experience. Autonomously manages workstream activity

within appointments.

$430

Senior Accountant 1 Generally, degree qualified and undertaking Chartered

Accountant’s qualification or comparable relevant qualification

with more than two years of experience, including one year of

Senior Accountant or equivalent experience. Completes

multiple tasks within workstreams and appointments.

$395

Senior Accountant Generally, degree qualified and undertaking Chartered


with more than 16 months of experience. Completes tasks

within workstreams and appointments under supervision.

$375

3

Title Guide to qualifications and role Hourly rate

(excl GST)

Accountant 1 Generally, degree qualified and undertaking Chartered


with at least one year of Accountant or equivalent experience.

Assists with tasks within workstreams and appointments under

supervision.

$325

Accountant Generally, degree qualified and undertaking or about to

undertake Chartered Accountant’s qualification or comparable

relevant qualification with less than one year of experience.

Assists with tasks within workstreams and appointments under

supervision.

$275

Undergraduate/ Cadet Undertaking relevant degree. Assists with tasks within

workstreams and appointments under supervision. $190

Practice Services

Director

National Practice Service leaders, generally degree qualified

with more than ten years of experience and reporting directly

to partners. Technical experts in their specific areas and have

team management responsibilities.

$580

Senior Practice

Services

Senior technical, professional or functional expert in national

Practice Services. Generally degree qualified with more than

seven years of experience. Reports to Practice Service leader

and may be responsible for team management.

$410

Senior Client

Administration and

Senior Treasury

Appropriately experienced and undertakes senior level

administrative support activities or senior Treasury activities.

May be responsible for day to day management of projects or

operations and may have supervisory responsibility for junior

staff.

$210

Client Administration

and Treasury

Appropriately experienced and undertakes support activities,

including but not limited to Client administration, Treasury

and document management functions.

$160

McGrathNicol reviews its hourly rates six monthly. The hourly rates quoted above remain in force until 31

December or 30 June (whichever occurs first) and McGrathNicol may increase fees for work continuing past

that date.

Creditors will be advised of any change to the hourly rates for this liquidation.

4

Disbursements 4

There are three categories of disbursements which may be charged:

Externally provided professional services – these are on-charged at cost. An example of an

externally provided professional service disbursement is legal fees.

Externally provided non-professional costs – such as travel, accommodation, external printing

services and search fees – these are on-charged at cost.

Internal disbursements – such as photocopying, printing and postage. These disbursements are

generally charged at cost but may include, in the case of disbursements such as such as telephone

calls, photocopying and printing, both direct variable and fixed costs. For example the rate per

page for printing includes a reasonable and commercial allowance for paper, toner, depreciation,

power and maintenance).

Creditor approval is not required for disbursements. However, details of the basis of recovering internal

disbursements in this liquidation are provided below and full details of actual costs incurred and to be

charged to the liquidation will be provided in future reports.

Basis of Disbursement Claim 4.1

Internal Disbursements Rate

(Excl GST)

Advertising At cost

Courier At cost

Printing- black and white $0.09 per page

Printing- Colour $0.28 per page

Postage At Cost

Stationery and other incidental disbursements At Cost

Staff per diem travel allowance* $89.00 per day

Staff vehicle use $0.63 per km

Telephony – mobile, fixed line and conference calls At cost

* Payable when partners or staff are required for business purposes to stay away from their usual place of

residence overnight.

Home Australia Pty Ltd (In Liquidation) and its wholly owned subsidiaries as detailed in Schedule A

(collectively “Home Australia”)

The Corporations Act 2001 and professional standards require the Practitioners appointed to an insolvent entity to

make a declaration as to:

their independence generally; A.

relationships, including B.

the circumstances of the appointment; (i)

any relationships with the company and others within the previous 24 months; (ii)

any prior professional services for the company within the previous 24 months; (iii)

that there are no other relationships to declare; and (iv)

any indemnities given or up-front payments made to the Practitioner. C.

This declaration is made in respect of ourselves, our partners and the firm McGrathNicol, which for the purpose of

this declaration includes the McGrathNicol Partnership, the McGrathNicol Advisory Partnership, and McGrathNicol

Services Pty Limited.

Independence A.

We, Matthew Caddy and Barry Kogan of the firm McGrathNicol (“the Liquidators”) have undertaken a proper

assessment of the risks to our independence prior to accepting the appointment as liquidators of Home Australia in

accordance with the law and applicable professional standards. This assessment identified no real or potential risks

to our independence. We are not aware of any reasons that would prevent us from accepting this appointment.

Declaration of Relationships B.

Circumstances of appointment (i)

On 25 August 2016, Matthew Caddy and David Barnaby of McGrathNicol met with the sole director of Home

Australia entities (Robert Day) and the former interim CFO/COO with the intention of discussing the financial

position of Home Australia. This meeting was adjourned following a brief introduction as its purpose was

superseded by an immediate financing option to be further explored by the director.

On 9 September 2016, the meeting between Matthew Caddy, the director and the former interim CFO/COO was

reconvened to discuss the financial position of Home Australia.

From 11 October 2016 until the date of appointment, Matthew Caddy had a number of phone calls with the

director for the purposes of:

obtaining sufficient information about Home Australia to understand its current financial position;

clarifying and explaining to Home Australia and the director the various options available to the companies

and the nature and consequences of insolvency appointments; and

Matthew Caddy and Barry Kogan of McGrathNicol providing consents to act.

No remuneration was received for participating in these discussions and meetings.

We believe that these meetings do not result in a conflict of interest or duty because:

the Courts and ARITA’s Code of Professional Practice specifically recognise the need for practitioners to

provide advice on the insolvency process and the options available and do not consider such advice results

in a conflict or is an impediment to accepting the appointment;

the nature of the limited scope advice provide to the Home Australia is such that it would not be subject to

review and challenge during the course of the liquidations; and

the pre-appointment advice will not influence our ability to be able to fully comply with the statutory and

fiduciary obligations associated with the liquidations of Home Australia in an objective and impartial

manner.

Declaration of Independence,

Relevant Relationships and Indemnities

2

We have provided no other information or advice to Home Australia or Mr Day prior to our appointments beyond

that outlined in this DIRRI.

Relevant Relationships (excluding professional services to the Insolvent) (ii)

We, or a member of our firm, have or have had within the preceding 24 months, a relationship with:

Name Nature of relationship Reasons

National Australia Bank Limited (“nab”)

nab holds a charge on the whole or substantially the whole of the property of Home Australia. McGrathNicol undertakes corporate recovery and advisory work from time to time on instructions from nab.

We believe this relationship does not result in a conflict of interest or duty because each professional engagement undertaken for nab in relation to a particular entity or group of entities is conducted on an entirely separate basis which has no connection with these appointments. These engagements are only commenced after full regard is given to potential conflicts of interest in relation to all interested stakeholders. No work has been undertaken for nab in relation to any of the Home Australia companies. Given the above, our independence in acting as Liquidators of Home Australia has not been compromised.

Prior professional services to the Insolvent (iii)

Neither we, nor our firm, have provided any professional services to Home Australia in the previous 24 months.

No other relevant relationships to disclose (iv)

There are no other known relevant relationships, including personal, business and professional relationships, from

the previous 24 months with Home Australia, an associate of Home Australia, a former insolvency practitioner

appointed to Home Australia or any person or entity that currently has security over the whole or substantially the

whole of Home Australia’s property and should be disclosed.

Indemnities and Up-front Payments C.

We have not been indemnified in relation to the Home Australia liquidations, other than any indemnities that we

may be entitled to under statute and we have not received any up-front payments in respect of our remuneration

or disbursements.

Appointments to Members of a Corporate Group D.

As listed on Schedule A of this Declaration, the Liquidators have been appointed as liquidators to eight entities

within the Home Australia group of companies.

We are of the view that the appointment to the group of companies will have significant benefits to the conduct of

the Liquidations, particularly in that this will provide for cost-savings and enable an accurate as possible view to be

obtained of the activities and financial position of the companies as a whole. We are aware that there were inter-

company transactions within the group. At the time of our appointment, we were not aware of any conflicts of

interest between the group companies. Should such a conflict arise, we will keep creditors informed and take

appropriate action to resolve the conflict.

Dated: 27 October 2016

...................................................................... ..............................................................................

Matthew Caddy Barry Kogan

3

Schedule A: Home Australia – entities over which the Liquidators are appointed

Company name Corporate nature ACN

Home Australia Pty Ltd Parent 075 303 767

Ashford Homes Pty Ltd Wholly owned subsidiary 009 217 976

Collier Homes Pty Ltd Wholly owned subsidiary 008 681 454

Homestead Homes Pty Ltd Wholly owned subsidiary 008 011 041

Huxley Homes Pty Ltd Wholly owned subsidiary 106 443 216

Nationwide Australian Investments Pty Ltd Wholly owned subsidiary 077 009 226

Newstart Homes (SE QLD) Pty Ltd Wholly owned subsidiary 080 910 238

Smart Road Property Rentals Pty Ltd Wholly owned subsidiary 008 038 024

Notes to the DIRRI:

1 If the circumstances change or new information is identified, we are required under the Corporations Act 2001 and the

ARITA Code of Professional Practice to update this Declaration and provide a copy to the creditors/committee of

creditors with our next communication, as well as table a copy of any replacement Declaration at the next meeting of the

insolvent’s creditors/committee of creditors.

2 Any relationships, indemnities or up-front payments disclosed in the DIRRI must not be such that the Practitioner is no

longer independent. The purpose of components B and C of the DIRRI is to disclose relationships that, while they do

not result in the Practitioner having a conflict of interest or duty, ensure that creditors are aware of those relationships

and understand why the Practitioner nevertheless remains independent.

Please note that the presentation of the above information is in accordance with the standard format suggested by ARITA.

Important note: The information sheets contain a summary of basic information on the topic. It is not

Insolvency information for directors, employees, creditors and shareholders ASIC has 11 insolvency information sheets to assist you if you’re affected by a company’s insolvency and have little or no knowledge of what’s involved.

These plain language information sheets give directors, employees, creditors and shareholders a basic understanding of the three most common company insolvency procedures—liquidation, voluntary administration and receivership. There is an information sheet on the independence of external administrators and one that explains the process for approving the fees of external administrators. A glossary of commonly used insolvency terms is also provided.

The Insolvency Practitioners Association (IPA), the leading professional organisation in Australia for insolvency practitioners, endorses these publications and encourages its members to make their availability known to affected people.

List of information sheets • INFO 41 Insolvency: a glossary of terms • INFO 74 Voluntary administration: a guide for creditors • INFO 75 Voluntary administration: a guide for employees • INFO 45 Liquidation: a guide for creditors • INFO 46 Liquidation: a guide for employees • INFO 54 Receivership: a guide for creditors • INFO 55 Receivership: a guide for employees • INFO 43 Insolvency: a guide for shareholders • INFO 42 Insolvency: a guide for directors • INFO 84 Independence of external administrators: a guide for creditors • INFO 85 Approving fees: a guide for creditors

Getting copies of the information sheets To get copies of the information sheets, visit ASIC’s website at www.asic.gov.au/insolvencyinfosheets. The information sheets are also available from the IPA website at www.ipaa.com.au. The IPA website also contains the IPA’s Code of Professional Practice for Insolvency Professionals, which applies to IPA members.

a substitute for legal advice. Some provisions of the law referred to may have important exceptions or qualifications. These documents may not contain all of the information about the law or the exceptions and qualifications that are relevant to your circumstances. You will need a qualified professional adviser to take into account your particular circumstances and to tell you how the law applies to you.

© Australian Securities & Investments Commission, December 2008 Page 1 of 1