The case confirms the established requirements for convening scheme meetings under s 411 and for judicial advice in trust scheme applications under s 63 of the Trustee Act 1925 (NSW), applied in the context of unwinding a stapled security structure. An irrevocable guarantee by a new holding company in respect of potential liabilities (here, arising from the Dreamworld incident) was sufficient to address concerns about the impact of the scheme on third-party claims.
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