Woods v Dodge [2003] FCA 1066

FEDERAL COURT OF AUSTRALIA

Woods v Dodge [2003] FCA 1066 WINDING UP – unregistered managed investment scheme – liquidator's application for direction that he has taken possession of mortgaged property – whether jurisdiction – whether jurisdiction should be exercised where litigation in State Supreme Court on foot PRACTICE AND PROCEDURE – winding up of unregistered managed investment scheme - proper parties to application by liquidator for possession of mortgaged property Corporations Act 2001 (Cth) ss 479(3), 601EE Lysnar v National Bank of New Zealand Ltd (No 2) [1936] NZLR 541 cited Kays Leasing Corporation Pty Ltd v CSR Provident Fund Nominees Pty Ltd [1962] VR 429 cited W G Goetz & Sons Ltd v Esanda Finance Corporation Ltd [1999] VSC 334 cited Re GB Nathan & Co Pty Ltd (in liq) (1991) 9 ACLC 1291 followed Re Ward (1987) 66 CBR 165 cited Re Sportsman's Leisure & Hobby Warehouse Pty Ltd (in liq) [1990] 2 Qd R 93 followed Australian Securities Commission v Melbourne Asset Management Nominees Pty Ltd (Receiver and Manager appointed) (1994) 49 FCR 334 not followed Re Gapes Interstate Transport Pty Ltd [1970] 2 NSWR 365 cited Re Reid Murray Holdings Ltd [1969] VR 315 discussed Rees v Bank of New South Wales (1964) 111 CLR 210 cited Queensland Bacon Pty Ltd v Rees (1966) 115 CLR 266 cited Re Addstone Pty Ltd (in liq) (1997) 25 ACSR 357 cited JOHN WILLIAM WOODS AS LIQUIDATOR OF THE LEWIS DRISCOLL & BULL UNREGISTERED MANAGED INVESTMENT SCHEME v HAYDN JAMES DODGE & SHEILA ANNE DODGE T3017 of 2003 HEEREY J 7 OCTOBER 2003 MELBOURNE (HEARD IN HOBART)

IN THE FEDERAL COURT OF AUSTRALIA

TASMANIA DISTRICT REGISTRY T3017 OF 2003

BETWEEN: JOHN WILLIAM WOODS AS LIQUIDATOR OF THE LEWIS DRISCOLL & BULL UNREGISTERED MANAGED INVESTMENT SCHEME

APPLICANT

AND: HAYDN JAMES DODGE & SHEILA ANNE DODGE