Appointment details

Appointment type Voluntary Administration
Appointment date 9 November 2021
Appointees Matthew Woods and Clint Joseph
Companies subject to Administration AVRWA Pty Ltd (formerly Avid Resources (WA) Pty Ltd) ACN 631 758 266
Avid Water Pty Ltd ACN 631 758 382
Office Perth
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Background information

On Tuesday 9 November 2021, Matthew Woods and Clint Joseph of KPMG were appointed as joint and several Voluntary Administrator of AVRWA Pty Ltd and Avid Water Pty Ltd by its common sole director.

Voluntary administration is a statutory process designed to provide for the business, property and affairs of an insolvent company to be administered in a way that maximises the chances of the company continuing in existence, or if that is not possible to provide for a better return for a company's creditors and members than if the company was immediately wound up.

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First meeting of creditors

19 November 2021

The Administrators will host a concurrent first meeting of creditors on Friday, 19 November 2021, in accordance with section 436E of the Corporations Act 2001. The purpose of this meeting was to allow creditors to determine:

  • whether a committee of inspection should be appointed
  • the appointment of an alternative administrator (should such a resolution be put before the meeting).
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Creditor communications

Information and circulars for creditors.

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Employee information

Information and circulars for employees.

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Fair Entitlements Guarantee (FEG)

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ASIC insolvency material

The Australian Securities & Investments Commission provides resources on insolvency for directors, practitioners, employees, creditors and investors.

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Support

Coping with the emotional impact of financial distress.

Beyond Blue

beyondblue offers some useful resources for people struggling with the emotional impact of financial distress.

The beyondblue Support Service provides confidential, one-on-one counselling with a trained mental health professional.
Phone: 1300 22 4636

Lifeline

Lifeline offers phone crisis counselling for people who are experiencing financial and emotional hardship.

Phone: 13 11 14 Australia-wide
Online crisis support chat (7:00pm to 4:00am daily)

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