Vehicle Wash Systems Pty Ltd v Mark VII Equipment Inc [1997] FCA 1473

FEDERAL COURT OF AUSTRALIA CORPORATIONS - application to set aside statutory demand - whether obligation to pay amount in foreign currency is a debt - whether a demand can be stated in a foreign currency - whether a demand must nominate a place for payment - whether an overstatement of a debt is a defect in a demand - whether a defective verifying affidavit will result in a demand being set aside - genuine dispute

Corporations Law ss 459E, 459G, 459H(1)(a), 459J(1)(a), (b), 459J(2) Corporations Regulations 1.03(1) Federal Court Rules O71 r36AB B & M Quality Constructions Pty Ltd v Buyrite Steel Supplies Pty Ltd (1994) 15 ACSR 433 mentioned Bando Trading Co Ltd v Registrar of Textiles [1975] VR 353 mentioned Brash Holdings Ltd v Katile Pty Ltd [1996] 1 VR 24 mentioned Bryant v Foot [1868] 3 QB 497 mentioned Chadwick Industries (South Coast) Pty Ltd v Condensing Vaporisers Pty Ltd (1994) 13 ACSR 37 applied Delta Beta Pty Ltd v Vissers (1996) 20 ACSR 583 mentioned In re Dynamics Corporation of America (in liquidation) [1976] 1 WLR 757 mentioned In re London & Paris Banking Corporation (1874) 19 Eq 444 mentioned In re Pen-y-van Colliery Company (1877) 6 Ch D 477 mentioned In re Richardson [1920] SASR 25 mentioned International Factors (Singapore) Pty Ltd v Speedy Tyres Pty Ltd [1991] 5 ACSR 250 distinguished Jarpab Pty Ltd v Winter (1994) 14 ACSR 255 mentioned Jolly v Mainka (1933) 49 CLR 242 considered JSW Parts Pty Ltd v Dacaro Pty Ltd (unreported, Finkelstein J, 11 August 1997) applied Marrache v Ashton [1943] AC 311 mentioned Mibor Investments Pty Ltd v Commonwealth Bank of Australia (1993) 11 ASCR 362 applied Miliangos v Frank (Textiles) Ltd [1976] AC 443 discussed Portrait Express (Sales) Pty Ltd v Kodak (Australasia) Pty Ltd (1996) 20 ACSR 746 discussed Re Ikin & Ors; Ex parte Same & Lamborghini Tractors of Australia Pty Ltd [1985] 4 FCR 582 applied Re North Bucks Furniture Depositories Ltd [1939] 2 All ER 549 mentioned Re Community Development Pty Ltd [1969] Qd R 1 mentioned Re United Club and Hotel Co (1899) 60 LT 665 mentioned Spencer Constructions Pty Ltd v G & M Aldridge Pty Ltd (1997) 147 ALR 44 applied The Roy Morgan Research Centre Pty Ltd v Wilson Market Research Pty Ltd (1996) 20 ACSR 108 mentioned Tomlinson v First Pennsylvania Banking and Trust Co [1961] AC 1007 mentioned Topfelt Pty Ltd v State Bank of NSW Ltd (1993) 47 FCR 226 applied Vishipco Line & Ors v The Chase Manhattan Bank N.A. (1985) 754F 2d 452 considered VEHICLE WASH SYSTEMS PTY LTD v MARK VII EQUIPMENT INC VG 3083 of 1997 FINKELSTEIN J MELBOURNE 19 DECEMBER 1997