Craig Mostyn & Co Pty Ltd (ACN 000 047 745) v Old Valley Pty Ltd (In Liquidation) (ACN 091 799 389) [2004] FCA 1083

FEDERAL COURT OF AUSTRALIA

Craig Mostyn & Co Pty Ltd (ACN 000 047 745) v Old Valley Pty Ltd (In Liquidation) (ACN 091 799 389) [2004] FCA 1083

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 – accident – inadvertence – short delay – application extension sought after commencement of winding up of company – whether winding up bar to extension order – discretionary considerations – substantive fairness – nature of discretion – protective orders in respect of creditors and persons dealing with property on faith of Register – extension granted

Corporations Act 2001 (Cth)

Hewlett Packard Australia Pty Ltd v GE Capital Finance Pty Ltd (2003) 203 ALR 51 cited National Australia Bank Limited (ACN 004 044 937) v T2 Trading Limited (ACN 009 158 829) [2003] FCA 1477 cited Re Application of Guardian Securities Ltd [1984] 1 NSWLR 95 CRAIG MOSTYN & CO PTY LTD (ACN 000 047 745) v OLD VALLEY PTY LTD (IN LIQUIDATION) (ACN 091 799 389) W116 OF 2004 FRENCH J 20 AUGUST 2004 PERTH

IN THE FEDERAL COURT OF AUSTRALIA

WESTERN AUSTRALIA DISTRICT REGISTRY W116 OF 2004

BETWEEN: Craig Mostyn & Co Pty Ltd (ACN 000 047 745)

Plaintiff

AND: Old Valley Pty Ltd (In Liquidation) (ACN 091 799 389)

Defendant

JUDGE: FRENCH J

DATE OF ORDER: 20 AUGUST 2004

WHERE MADE: PERTH

THE COURT ORDERS THAT:

1. The period for lodging with the Australian Securities and Investments Commission a notice of charge in respect of a charge dated 17 November 2003 granted by the defendant to the plaintiff be extended to 8 January 2004.