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1st Fleet fate rests with end of month meeting

Express and Line Haulage divisions yet to find a new home as worrker claims get fast tracked

May 7, 2012

Much remains to be settled about 1st Fleet’s present situation, with its future not to be decided until a second creditors’ meeting in about three weeks’ time, administrators de Vries Tayeh Partner Antony de Vries says.

While operators for the C-Store and Containers divisions for the company that is in administration were found quite promptly, the same fate has eluded its Express and Line Haulage divisions.

“Discussions and negotiations for the sale of the assets from the two remaining business units continued over the weekend without conclusion,” de Vries said yesterday.

“The Hon Bill Shorten MP, has intervened and allowed workers to make an early claim under the General Employee Entitlements and Redundancy Scheme (GEERS) although the company is still in administration.

“Employees will be able to fast track their claims for unpaid wage and leave entitlements.”

“We have agreed with representatives from the Department of Education, Employment and Workplace Relations to fast-track the GEERS claim forms.”

An initial creditors meeting was held yesterday to decide whether to appoint a committee of creditors and whether to change the administrator but the substantive meeting will not be held until towards the end of the month.

“It is this meeting where creditors decide the company’s future,” de Vries said.

ATN was awaiting a return call on the outcome of the meeting at deadline today.

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