Proserpine Co-Operative Sugar Milling Association Ltd

Administration Profile

Proserpine Co-operative Sugar Milling Association Ltd (Liquidation) ARBN 080 866 539 (‘the Co-operative’)

Voluntary Administration: 6 November 2011 

Deed of Company Arrangement: 16 December 2011

Creditors Voluntary Liquidation: 17 January 2012

Appointees: Robert Hutson, Bill Buckby, John Park 

Office: Brisbane


Details

John Park, Richard William Buckby and Robert Hutson were appointed as Voluntary Administrators of the Co-operative on 6 November 2011 pursuant to Section 436A of the Corporations Act 2001 (Cth). 

 

The appointment follows the failure of sufficient Co-operative members to support the special resolution put to members to allow the sale of the business of the Co-operative to Sucrogen. As a consequence of not being able to complete that sale, the Co-operative was put in a position where the Board determined the Co-operative could not meet its debts as and when they fell due. 

 

We are working urgently to assess the financial position of the Co-operative as well as meeting with relevant stakeholders to obtain funding to allow the Co-operative to continue to trade. 

 

 

Documents

Deed of Company Arrangement 16/12/2011 1848 kb
Minutes of second meeting of creditors 09/12/2011 210 kb
Media Release - Completion of sale 09/12/2011 40 kb
Circular to Members and Employees 07/12/2011 136 kb
Report by Administrators 01/12/2011 1229 kb
List of members of co-operative 01/12/2011 17 kb
Board Report to Administrators (Summary) 24/11/2011 105 kb
Board Report to Administrators 24/11/2011 299 kb
Board Report to Administrators - Annexure 1 24/11/2011 905 kb
Board Report to Administrators - Annexure 2 24/11/2011 3551 kb
Board Report to Administrators - Annexure 3 24/11/2011 992 kb
Board Report to Administrators - Annexure 4 24/11/2011 204 kb
Minutes of first meeting of creditors 16/11/2011 73 kb
Circular to Creditors 08/11/2011 535 kb
General Information, Circular Letter to Members & Employees 07/11/2011 90 kb
Voluntary Administrators Receipts and Payments 13/01/2012 860 kb
Deed Administrators Receipts and Payments 08/02/2012 1264 kb
Circular to Members 11/04/2012 159 kb
Circular to Creditors and Members 25/01/2012 80 kb
Circular to Creditors 23/04/2012 122 kb
Circular to members 21/06/2012 85 kb
Circular to Members 24/07/2012 60 kb
Liquidators Receipts and Payments 16/08/2012 2838 kb
Circular to Members 22/10/2012 356 kb
Circular to Members 02/01/2013 267 kb
Circular to Members 31/01/2013 130 kb
Liquidators Receipts and Payments 07/03/2013 375 kb
Proserpine AGM Form 17/04/2013 1675 kb
 
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