| Commentary

14.2 Notice requirements

| Commentary

14.2 Notice requirements

Under the deemed consent procedure, creditors who would be entitled to vote at a meeting1 (that being, have not opted out of meetings2) are given notice of3:

  1. 14.2.1

        the matter about which the creditors are to make a decision;

  2. 14.2.2

        the decision the person giving the notice proposes should be made (the ‘proposed decision’);

  3. 14.2.3

        the procedure for objecting to the proposed decision;

    and are also given notice that4:

  4. 14.2.4

        if less than 10 per cent by value of creditors of creditors object to the proposed decision in accordance with the procedure set out in the notice, the

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