Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
Reid v Interarch Australia Pty Ltd [2000] FCA 633 CATHERINE GAY REID & ANOR v INTERARCH AUSTRALIA PTY LTD & ANOR NG 981 OF 1998 HELY J 11 MAY 2000 SYDNEY
IN THE FEDERAL COURT OF AUSTRALIA
NEW SOUTH WALES DISTRICT REGISTRY NG 981 OF 1998
BETWEEN: CATHERINE GAY REID
APPLICANT
AND: INTERARCH AUSTRALIA PTY LIMITED
RESPONDENT
JUDGE: HELY J
DATE OF ORDER: 11 MAY 2000
WHERE MADE: SYDNEY
Upon the second applicant giving to the Court the usual undertaking as to damages,
THE COURT ORDERS THAT: 1. Upon the annulment of bankruptcy of the second respondent, and until further order, the second respondent by himself, his servants or agents be restrained from disposing of, encumbering or otherwise dealing with any of his money, property or other assets whether in his name or not, provided that this order:
(i) shall not apply to so much of the assets of the second respondent as exceed $500,000 and,
(ii) shall not prevent the second respondent from:
(a) paying ordinary living expenses up to an amount of $500 per week;
(b) making payments of principal or interest to the St George Bank on the security of the property held by the applicant under the name of Gregory Christopher Powell at Penshurst;
(c) paying costs reasonably incurred in these proceedings up to an amount of $30,000.
2. The second respondent have liberty to apply for a modification or discharge of these orders upon his formulating a specific proposal for the application of the surplus arising in consequence of the annulment of his bankruptcy, in purchasing an identifiable property for use by the second respondent and his family as their home. 3. Without limiting the ability of the second respondent to claim privilege against self incrimination at any time, an order that the second respondent within 7 days of the annulment of his bankruptcy, cause to be delivered to the Registry in a sealed envelope identifying the proceedings and marked "not to be opened without an order of a Judge of the Court" an affidavit sworn by the second respondent setting out:
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