Morrison Knudsen Corporation of Australia Ltd & Ors v Australian National Railways Commission [1996] FCA 947

CATCHWORDS CORPORATIONS LAW - voluntary administrator - directions to administrator under s 444D - whether monies received under contract should be set-off against monies owing under separate contract - moratorium under s 440D - meaning of contract - nature of voluntary administration - no set-off. Corporations Law ss 435C, 436A, 436E, 439A, 439C, 440D, 444A, 444D, 445A, 445E, 445D, 447A, 447B, 447D and 553C Corporations Law Parts 5.3A and 5.4 Corporations (South Australia) Act 1990 s 44(2) Ford's Principles of Corporations Law 7ed (1995) Anonymous (1676) 1 Mod. Rep. 215; 86 ER 837; Chapman v Derby (1689) 2 Vern. 117; 23 ER 684 Gilbert-Ash (Northern) Ltd v Modern Engineering (Bristol) Ltd(1974) AC 689 P.J. Hegarty & Sons Ltd v Royal Liver Friendly Society [1985] IR 524 Re Partnership Pacific Securities Ltd (1994) 1 Qd.R. 410 Australian Broadcasting Commission v Australasian Performing Right Association Ltd (1973) 129 CLR 99 Gye v McIntyre (1990-91) 171 CLR 609 No SG 3124 of 1996 MORRISON KNUDSEN CORPORATION OF AUSTRALIA LIMITED ACN 056 629 988 (ADMINISTRATOR APPOINTED) and MORRISON KNUDSEN AUSTRALIA LEASING LIMITED ACN 063 022 908 (ADMINISTRATOR APPOINTED) and BRUCE JAMES CARTER - and - AUSTRALIAN NATIONAL RAILWAYS COMMISSION Mansfield J Adelaide 1 November 1996

IN THE FEDERAL COURT OF AUSTRALIA) ) SOUTH AUSTRALIA DISTRICT REGISTRY) No SG 3124 of 1996 ) GENERAL DIVISION ) BETWEEN: MORRISON KNUDSEN CORPORATION OF AUSTRALIA LIMITED ACN 056 629 988 (ADMINISTRATOR APPOINTED) and MORRISON KNUDSEN AUSTRALIA LEASING LIMITED ACN 063 022 908 (ADMINISTRATOR APPOINTED) and BRUCE JAMES CARTER Applicants - and - AUSTRALIAN NATIONAL RAILWAYS COMMISSION Respondent MINUTES OF DIRECTIONS UNDER S447D, CORPORATIONS LAW CORAM: Mansfield J PLACE: Adelaide DATE: 1 November 1996 THE COURT GIVES DIRECTIONS THAT: 1. The administrator Bruce James Carter of the first applicant MKA is entitled to receive the sum of $313,391.57 paid on 6 September 1996 pursuant to monies owing by the respondent ANRC to MKA under a certain Maintenance Deed dated 17 August 1992 and under a certain