A bit of this email got accidentally omitted.
Here is Sallie's reply to what happens if people don't agree Deloitte's
assessment of the entitlements.
Basically it sounds like you get to argue it with them, then they determine
what is correct, although perhaps the appeal process allows appealing to a
court to make a determination.
I asked:
1. What happens if Deloitte and I cannot agree on the level of my
entitlement by 18th Nov? Does that mean that Deloitte will pay me
Deloitte's assessment of my entitlement, or that I will get nothing?
2. Will the first dividend only go ahead if no individuals dispute their
figures? If there are disputes, how will you calculate the total of all
entitlements so that you can work out the percentage (i.e. the approx 43%
figure)?
----- Original Message -----
From: "Muir, Sallie (AU - Sydney)" <smuire@......>
To: "Tom Northey" <tn@...>
Sent: Friday, October 24, 2003 4:05 PM
Subject: RE: Confirm phone call
Hi Tom,
I just faxed you a copy of your adjusted statement & put the original in
the mail so please let me know if you haven't received it.
The dividend will go ahead as planned. The process that we have to
follow when paying a dividend, as per the Corporation Act 2001, is
designed to have all disputes resolved by the time the dividend is paid.
All employees will submit a proof of debt form. If that proof of debt is
different to the books and records of the company, then creditors are
required to provide substantiation to support the claim. We then
adjudicate on all proofs and will either admit or reject all or part of
the claim. If we reject all or part of the claim, creditors have the
right to appeal against it.
Ordinarily, most discrepancies are as a result of errors or
misunderstandings etc and are able to be easily resolved by the
substantiation (as provided by the creditor) or by going back to the
company records.
Hope this clarifies things for you.... but if not please let me know.
Regards,
Sallie Muir
Deloitte Touche Tohmatsu