Federal Court of Australia
JUDGMENT No. ou! und oot tn
hl CATCHWORDS BANKRUPTCY - income tax evasion - discretionary family trust
established by debtors - properties purchased by trust - loans for purchase by debtor and by bank - annual tax returns disclosing properties - whether disposition of property by debtors - whether intent to defraud creditors - whether benefit retained by debtors - whether concealment - issue of shares in trustee - whether disposition of property by debtors - sham -
resulting trust = estoppel
Bankruptcy Act 1966 (Cth) ss.6, 121
Statute of Fraudulent Conveyances 1571 (Imp)
Alliance Acceptance Co Ltd v Oakley (1988) 48 SASR 337 Alton v Harrison (1869) 4 Ch App 622
Re Barnes; ex parte Stapleton (1961) 19 ABC 126
Barton v Federal Commissioner of Taxation (1974) 131 CLR 370 Clegg v Bromely [1912] 3 KB 474
Freeman v Pope (1870) 5 Ch App 538
Re Expo World Park Pty Ltd (1994) 12 ACSR 759
Re Hermann (1916) 16 SR (NSW) 264
Re Kelly; ex parte Young (1932) 4 ABC 258
Re La Rosa; ex parte Norgard (7 February 1990, unreported, French J)
Re Lloyds Furniture Palace Ltd; Evans v The Company [1925] Ch Re Marchiori (1983) 69 FLR 290
Mogridge v Clapp [1892] 3 Ch 382
Noakes v Harvy Holmes & Son (1979) 37 FLR 5 ~A NOV 1994
FEDERAL COURT OF AUSTRALIA
PRINCIPAL REGISTRY
Ex parte Mercer (1886) 17 QBD 290
Middleton v Pollock [1876] 2 Ch D 104
Paintin & Nottingham Ltd v Miller, Gale & Winter [1971] NZLR 164 P f Garuda Indonesia Ltd v Grellman (1992) 35 FCR 515 Sharrment Pty Ltd v Official Trustee (1988) 18 FCR 449 Stapleton v The Queen (1952) 86 CLR 358
Trautwein v Richardson [1946] Arg LR 129
Williams v Lloyd (1934) 50 CLR 341
-~
re: Paul Alvaro & Rosina Alvaro ex parte: The Official Trustee
in Bankruptcy (No.SB 240 and 241 of 1991)
Judge: Heerey J Date: 31 October 1994 Place: Melbourne (heard in Adelaide)
IN THE FEDERAL COURT OF AUSTRALIA
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