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Fair Entitlements Guarantee (FEG)
General information for claimants: https://www.dewr.gov.au/fair-entitlements-guarantee
Appointment details
| Appointment type | Voluntary Administration |
| Appointment date | 18 October 2024 |
| Appointees | Tim Mableson and David Kidman |
| Companies subject to Administration | Bibere Australian Beverages Pty Ltd trading as Fox Creek Wines (ACN 644 054 320) Crescere Australian Vineyards Pty Ltd (ACN 654 310 666) Opportuna Investments Pty Ltd (ACN 662 805 950) (All Administrators Appointed) (Collectively referred to as “the Companies”) |
| Office | Adelaide |
KPMG contact
Antoni Trimboli
atrimboli@kpmg.com.au
+61 8 8236 3242
Background information
David Kidman and Tim Mableson were appointed Joint and Several Voluntary Administrators (Administrators) of the Companies on Friday, 18 October 2024 pursuant to Section 436A of the Corporations Act 2001 (the Act).
The Administrators have just commenced the administration process where they now control the assets, trading and day-to-day operations of the Companies, with the priority being to undertake an immediate assessment of the business and its operations to assess options and notify stakeholders of the appointment.
The Administrators' intention is to continue to trade the Companies while an urgent assessment of the Companies and their operations are undertaken and restructure options assessed.
First meeting of creditors
30 October 2024
The first meeting of creditors will be held virtually on 30 October 2024 at 3:00pm ACDT.
A Circular to Creditors that included the meeting notice was issued to all known creditors on 21 October 2024. The meeting link will be provided to creditors upon their request.
Creditor communications
Information and circulars for creditors.
ASIC insolvency material
The Australian Securities & Investments Commission provides resources on insolvency for directors, practitioners, employees, creditors and investors.
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)
