Appointment details

Appointment type Voluntary Administration
Receivers and Managers
Appointment date 20 October 2021
Appointees Martin Jones and Hayden White
Companies subject to Administration Salt Lake Potash Limited (Administrators Appointed) (Receivers and Managers Appointed) ACN 117 085 748 (SO4)
Australia Salt Lake Potash Pty Ltd ACN 164 369 420 (ASLP)
Irve Holdings Pty Ltd ACN 633 114 619
Two Lake Holdings Pty Ltd ACN 633 114 637
SO4 Fertiliser Holdings Pty Ltd ACN 633 114 628
Piper Preston Pty Ltd ACN 142 962 409 (PP)
Irve Developments Pty Ltd ACN 634 354 215
Two Lake Developments Pty Ltd ACN 634 354 233SO4 Fertiliser Developments Pty Ltd ACN 634 354 224
Office Perth
Lighthouse at sunset

KPMG contact

Jacob Carger
saltlakepotash@kpmg.com.au
P: +61 8 9263 7178
F: +61 8 9263 7129

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Background information

Martin Jones, Hayden White and Tom Birch were appointed as Administrators of Salt Lake Potash Limited and its Related Entities on 20 October 2021 pursuant to Section 436A of the Corporations Act 2001.

Tom Birch resigned as an administrator on 31 January 2022.

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Second meeting of creditors

The second meeting of creditors for the Companies are to be held at the offices of KPMG, L8, 235 St Georges Terrace Perth WA 6000, as outlined below:

  • Piper Preston Pty Ltd and Australian Salt Lake Potash Pty Ltd creditor meetings are convened for Thursday, 29 September 2022 at 10:30am; and
  • Salt Lake Potash Limited and the remaining subsidiaries creditor meetings are convened for Friday, 30 September 2022 at 10:30am.

Details on registering for the above meetings, including instructions on how to vote are available in the respective Reports as provided below on this webpage.

First meeting of creditors

1 November 2021

The First Meeting of Creditors of the Companies was held on 1 November 2021, at which the Administrators appointment was confirmed. Creditors resolved at the First Meeting of Creditors to appoint a Committee of Inspection for each of SO4 and PP. COI’s were not formed for the other seven (7) entities.

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Creditor communications

Information and circulars for creditors.

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Shareholder communications

Information and circulars for shareholders.

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Court documents

Court directions proceedings and documentation relating to this matter.

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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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