Hi people,

In discussions with an insolvency practitioner this morning (Ken
Stout) I learned that a Deed must comply with Schedule 8A of the
Corporations Act.

Amongst other things, this refers to Sec. 556 and Reg. 5.3(A) point 06
clause 4 - which stipulates the priorities to which creditors must be
paid.

This is news to most of us, so I'm going to investigate this further.

If someone is willing to delve into the Corp Act files (on the Files
section of Yahoo Groups), they are still the old versions from 2002
... the question is: did this law exist when the non-compliant OT (or
Swish) Deed was drawn up?

Nick Bishop.
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I'm going home now, It's a fr3aking long trip to Vermont South :-(
-oOo-