In the matter of Stockport (N.Q.) Pty Ltd, Carter & Lewis Applicants [2003] FCA 31

FEDERAL COURT OF AUSTRALIA

In the matter of Stockport (N.Q.) Pty Ltd, Carter & Lewis Applicants [2003] FCA 31 CORPORATIONS – deed of company arrangement - directions given to administrators under s 447D of Corporations Act 2001 (Cth) as to operation of deed. CORPORATIONS – deed of company arrangement – certain creditors of company entitled to secure charge under Sub-contractors Charges Act 1974 (Qld) – notice of claim of charge given only after date specified in deed under s 444A(4)(i) – whether such creditors secured creditors of company – whether such creditors entitled to give notice of claim of charge after date specified in deed under s 444A(4)(i) – whether such creditors entitled to realise security under s 444D(2) in circumstances. SUB-CONTRACTORS CHARGES – whether charge under Sub-contractors Charges Act 1974 (Qld) arises by operation of s 5 or whether it arises only upon giving of notice of claim of charge under s 10. Corporations Act 2001 (Cth), ss 435A, 435C, 436E, 437A, 437C, 437D, 438A, 439A, 439C, 440B-449F, 441A-441K, 442A-442D, 443B, 443D-443F, 444A, 444D-444F, 447D, 553, 556, 561 Workmen's Liens Act 1893 (SA), s 7 Sub-contractors Charges Act 1974 (Qld), ss 5, 6, 10, 11(8), 15 In the Matter of Ansett Australia Ltd and Mentha [2001] FCA 1439, [2002] FCA 639 - followed Brooke v No.5 Lorac Avenue Pty Ltd (1994) ASCR 717 - followed Ex parte Pavex Constructions [1979] Qd R 318 – not followed In Re Colonial Trusts Corporation; Ex parte Bradshaw (1879) 15 Ch D 465 - cited Re Victoria Steamboats Ltd; Smith v Wilkinson [1897] 1 Ch 158 - applied Illingworth v Houldsworth [1904] A.C. 355 - considered Evans v Rival Granite Quarries Ltd [1910] 2 KB 979 - applied Re Dalle Nogare (1964) 6 FLR 277 – referred to Re Summit Design & Construction Pty Ltd [1999] NSWSC 1136; (1999) 33 ASCR 301 - considered Re Yorkshire Woolcombers Association Ltd [1903] 2 Ch 284 - applied Re QMT Constructions Pty Ltd [1999] QSC 2, [2001] 1 Qd R 284 - considered Re Williams; Ex parte The Official Assignee (1899) 17 NZLR 712 - considered Farrier-Waimak Ltd v Bank of New Zealand [1965] NZLR 426 – referred to Re Trademark Homes (Aust.) Pty Ltd (1996) 67 SASR 107 – referred to Miller's Lime Ltd v Royal Agricultural and Horticultural Society of South Australia [1956] SASR 306 - cited Albert Del Fabbro Pty Ltd v Wilckens and Burnside Pty Ltd (Receiver and Manager Appointed) [1971] SASR 121 - cited Lord Advocate v Moray [1905] AC 531 - considered Lam Soon Australia Pty Ltd (admin. apptd) v Molit (No.55) Pty Ltd (1996) 22 ASCR 169 - applied J & B Records Ltd v Brashs Pty Ltd (vol admin apptd) (1994) 13 ACSR 680 - cited Australian Liquor, Hospitality and Miscellaneous Workers' Union v Terranora Lakes Country Club Pty Ltd (1996) 19 ACSR 687 - cited Re Pannowitz; Ex parte Wilson (1975) 38 FLR 184 - cited Re Midland Coal, Coke & Iron Co. [1895] 1 Ch 267 - cited Re Southern Australia Perpetual Forests Ltd [1971] VR 475 - cited BRUCE JAMES CARTER and MARTIN DAVID LEWIS IN THE MATTER OF STOCKPORT (N.Q.) PTY LTD ABN 76 008 015 837 (SUBJECT TO A DEED OF COMPANY ARRANGEMENT) AND THE CORPORATIONS ACT 2001 S 3013 of 2002