FYI

-----Original Message-----
From: Muir, Sallie (AU - Sydney) Sent: Thursday, 13 November 2003 1:54 PM
To: Paul Davis
Subject: RE: OT DOCA and Super


Paul,



The ATO will lodge one proof of debt (on the employees' behalf) which will
include the superannuation shortfall, interest and an administration fee
component which makes up the Superannuation Guarantee Charge. This will be
paid, in the form of a dividend, from the pool of funds available for
distribution to employees under the Deed of Company Arrangement. The
nominal interest component is calculated on each person's shortfall and is
passed onto the individual employee. The Administration fee is kept by the
tax office.

I hope this answers your question but if not, please do not hesitate to
contact me.

Regards,

Sallie Muir
Deloitte Touche Tohmatsu


-----Original Message-----
From: Paul Davis
Sent: Thursday, 13 November 2003 12:00 PM
To: Muir, Sallie (AU - Sydney)
Subject: OT DOCA and Super

Dear Sallie Muir,

The ATO has give me the following information on superannuation under a
DOCA.

The process of handling superannuation under a DOCA is covered by the Corp
Act. In this situation the superannuation is treated an unsecured debt.

1. The IP will inform the ATO of what dividens will be paid to each
employee.

2. The ATO will then make an assessment for each employee and calculate the
late fee and interest charges that are owed to each employee, this will
then be reported back to the IP.

3. The IP makes payment to the ATO.

4. The ATO distributes the dividens as vouchers to employees or as of
Dec-2003 can make payments directly to a nominated roll-over fund.

My question to Deloitte is where will funds to pay the late fee and
interest charges come from? Will this be a part of the funds made available
to employees under the DOCA?

regards

Paul Davis