Tolcher (as Liquidator of Lloyd Scott Enterprises Pty Ltd (In Liq) v Capital Finance Australia Ltd [2005] FCA 108

FEDERAL COURT OF AUSTRALIA

Tolcher (as Liquidator of Lloyd Scott Enterprises Pty Ltd (In Liq)) v Capital Finance Australia Ltd [2005] FCA 108 CORPORATIONS – winding up – voidable transactions – interlocutory application by liquidator – application to extend time under s 588FF(3)(b) made in general form without reference to specific transactions – discretionary considerations – application to join Capital Corporate Finance as a respondent and file an Amended Originating Process. Corporations Act 2001(Cth) ss 588FC, 588FE and 588FF Federal Court Rules O 6 r 11(3) Brown v DML Resources Pty Ltd (No. 2) (2001) 52 NSWLR 685 followed BP Australia Ltd v Brown (2003) 58 NSWLR 322 followed New Cap Reinsurance v Reaseguros Alianza SA [2004] NSWSC 787 followed Greig & Duff v Australian Building Industries Pty Ltd (2004) 2 Qd R 17 considered McGrath & Ors v HIH Insurance (In Liquidation) [2004] 22 ACLC 449 discussed Rodgers v Commissioner of Taxation (1998) 88 FCR 61 followed Star v National Australia Bank (1999) 30 ACSR 583 followed Rambaldi v Dalbrook Pty Ltd (2003) 21 ACLC 1190 cited Brisbane South Regional Health Authority v Taylor (1996) 186 CLR 541 followed Salido v Nominal Defendant (1993) 32 NSWLR 524 cited Itek Graphix Pty Ltd v Elliott (2002) 54 NSWLR 207 cited RAYMOND GEORGE TOLCHER (AS LIQUIDATOR OF LLOYD SCOTT ENTERPRISES PTY LTD (IN LIQUIDATION)) AND LLOYD SCOTT ENTERPRISES PTY LTD (IN LIQUIDATION) v CAPITAL FINANCE AUSTRALIA LTD AND CAPITAL CORPORATE FINANCE LTD N 979 OF 2004 TAMBERLIN J SYDNEY 18 FEBRUARY 2005

IN THE FEDERAL COURT OF AUSTRALIA

NEW SOUTH WALES DISTRICT REGISTRY N 979 OF 2004

BETWEEN: RAYMOND GEORGE TOLCHER (AS LIQUIDATOR OF LLOYD SCOTT ENTERPRISES PTY LTD

(IN LIQUIDATION))

FIRST APPLICANT

LLOYD SCOTT ENTERPRISES PTY LTD