National Australia Bank Ltd (ACN 004 044 937) v T2 Trading Limited (ACN 009 158 829) [2003] FCA 1477

FEDERAL COURT OF AUSTRALIA

National Australia Bank Ltd (ACN 004 044 937) v T2 Trading Limited

(ACN 009 158 829) [2003] FCA 1477

CORPORATIONS – charges – requirement for registration of charges – time limit for lodgment of notice of charge and charge for registration – lodgment out of time – whether extension should be granted – inadvertence – whether ignorance of the law amounts to inadvertence – whether ignorance of the law gives rise to inadvertence – discretionary considerations – protective orders in respect of creditors and persons dealing with property on faith of Register – extension granted

Corporations Act 2001 (Cth) s 266(4)

Scarfe Steel Supplies Pty Ltd v SMP Pty Ltd (1980) 5 ACLR 262 cited

Sanwa Australia Finance v Ground Breakers Pty Ltd (in liq) (1991) 2 Qd R 456 cited

Re Dudly Engineering Pty Ltd [1968] 1 NSW 483 cited

Nichol v Fearby, Nichol v Robinson [1923] 1 KB 480 cited

Hamilton v Property Investments Ltd [1983] WAR 317 cited

Rynmarc Pty L td v Classic Ergonomic Chairs Pty Ltd (1994) 121 ACLC 1038 cited

Re Freightlines Northern Territory Pty Ltd (In Liq) (1999) 17 ACLC 169 cited

NATIONAL AUSTRALIA BANK LTD v T2 TRADING PTY LTD AND OTHERS

W3026 OF 2003

FRENCH J

9 DECEMBER 2003

PERTH

IN THE FEDERAL COURT OF AUSTRALIA

WESTERN AUSTRALIA DISTRICT REGISTRY W3026 OF 2003

BETWEEN: NATIONAL AUSTRALIA BANK LTD

(ACN 004 044 937)

APPLICANT

AND: T2 TRADING PTY LTD (ACN 009 158 829)

FIRST RESPONDENT

TEC PLUS LIMITED (ACN 105 311 662)

SECOND RESPONDENT

TEAM CORP PTY LTD (ACN 009 389 333)

THIRD RESPONDENT

AUS SAILING LIMITED (ACN 105 545 542)

FOURTH RESPONDENT

TECHNOLOGY TRANSFER LIMITED (ACN 100 751 899)

FIFTH RESPONDENT