(1A) Within 5 business days after the liquidator or liquidators of a group of 2 or more companies:
(a) make a pooling determination in relation to the group; or
(b) vary a pooling determination in force in relation to the group;
the liquidator or liquidators must convene separate meetings of the eligible unsecured creditors of each of the companies in the group.
Note: For eligible unsecured creditor , see section 579Q.
(1) At a meeting convened under subsection (1A), the eligible unsecured creditors may resolve to approve the making of the determination or variation.
(3) If, at a meeting convened under subsection (1A), the eligible unsecured creditors do not resolve to approve the making of the determination or variation:
(a) the determination or variation is cancelled at the end of the meeting; and
(b) if, as at the end of the meeting, a corresponding resolution has not been considered at another meeting convened under subsection (1A) of the eligible unsecured creditors of another company in the group--that other meeting is cancelled.