Kooralbyn Valley Resort Creditors to Vote on Company’s Future at Crucial Second Meeting
“A $15.5m debt crisis has engulfed a legendary resort, with its owner now facing scrutiny over possible breaches of corporate law.”
Kooralbyn Resort Pty Ltd (ACN 152 229 966), trading as “The Kooralbyn Valley” and “Kooralbyn Valley National,” has announced the date for its mandatory second meeting of creditors. The company was placed under voluntary administration on October 28, 2025.
The meeting, managed by Administrator Travis Pullen of B&T Advisory, will be held to determine the fate of the company, with creditors set to vote on one of three resolutions.
Key Meeting Details
| Detail | Information |
|---|---|
| Company | Kooralbyn Resort Pty Ltd (“The Kooralbyn Valley”) |
| Status | Administrator Appointed (28 October 2025) |
| Date | Monday, 18 November 2025 |
| Time | 11:00 AM (AEST) |
| Location | Virtually via Microsoft Teams |
Critical Decision Ahead
The primary purpose of the meeting is for creditors to receive the Administrator’s detailed report on the company’s business, property, and financial circumstances. Following this report, creditors will be asked to pass a resolution choosing one of the following paths forward:
- Execute a Deed of Company Arrangement (DOCA): A legally binding agreement between the company and its creditors, usually allowing the company to continue trading.
- End the Administration: Returning control of the company to its directors.
- Winding Up (Liquidation): Placing the company into liquidation, leading to the orderly sale of assets and distribution of funds to creditors.
Mr. Pullen will provide a statement outlining his opinion and reasons for the most beneficial course of action for creditors. The agenda also includes determining the remuneration for the Administrator and, if necessary, the appointed Deed Administrator or Liquidator.
Attendance and Submission Requirements
Creditors who wish to attend and vote at the virtual meeting must submit their formal proof of debt and proxy forms to the Administrator by 5:00 PM (AEST) on Sunday, 17 November 2025.
The meeting will be conducted using the Microsoft Teams ID 470 369 175 691 1. Creditors are required to contact the Administrator’s office to obtain the necessary access password.
Contact for Creditors: Seth Cooper B&T Advisory Level 19, 144 Edward Street, Brisbane QLD 4000 (07) 3229 0000 scooper@bandtadvisory.com.au
About B&T Advisory B&T Advisory is a specialist firm providing advice and solutions in business restructuring, turnaround, and insolvency.
