The waiting game continues 
By Richard Salmons 
June 19 2003 


Almost a year after Open Telecommunications fell victim to the stockmarket's 
technology crash, former software engineer Nick Bishop is just one of the high-
tech company's former employees still trying to extract their entitlements.

For Mr Bishop, losing a job has been compounded by the way a deed of company 
arrangement has made it difficult to access GEERS entitlements worth almost 
$40,000. "Our ability to claim under GEERS has been severely hampered by the 
way the deed was structured," Mr Bishop said.

After three years working as a software engineer at OpenTel, Mr Bishop says he 
should be entitled to a redundancy package including 10 weeks' pay, worth 
$39,400.

Mr Bishop said he was unhappy about the way the OpenTel administrator handled a 
creditors' meeting last October that agreed on the deed of company arrangement. 
He said a report to creditors was sent out by express post on the Thursday 
before the Monday meeting, so that most employees received it on Friday night 
and were unable to seek professional advice over the weekend. 





This story was found at: 
http://www.theage.com.au/articles/2003/06/18/1055828380329.html