Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
Duncan v Commissioner of Taxation; in the matter of Trader Systems International Pty Ltd (in liq) [2006] FCA 885
CORPORATIONS – insolvency – whether transactions unfair preferences or uncommercial transactions – order that Commissioner of Taxation repay monies to liquidator – whether directors had reasonable grounds for expecting solvency – directors bear onus of proving expectation of solvency – no reasonable grounds
Corporations Act 2001 (Cth) ss 9, 95A, 436A, 439C, 513B, 513C, 588FA, 588FB, 588FC, 588FE, 588FF, 588FGA, 588FGB Income Tax Assessment Act 1936 (Cth) Taxation Administration Act 1953 (Cth) Federal Court of Australia Act 1976 (Cth) s 51A
Helicopter Sales (Australia) Pty Ltd v Rotor Work Pty Ltd (1974) 132 CLR 1 cited Crosbie v Commissioner of Taxation (2003) 130 FCR 275 discussed Hall v Commissioner of Taxation (2004) 186 FLR 111 cited Dean-Willcocks v Commissioner of Taxation (No 2) (2004) 49 ACSR 325 cited Wanted World Wide (Australia) Limited v Commissioner of Taxation (2004) 139 FCR 205 cited Young v Commissioner of Taxation (2006) 56 ACSR 654 cited Tru Floor Service Pty Ltd v Jenkins (No 2) [2006] FCA 632 cited Southern Cross Interiors Pty Ltd v Deputy Commissioner of Taxation (2001) 53 NSWLR 213 cited Rees v Bank of New South Wales (1964) 111 CLR 210 cited Sandell v Porter (1966) 115 CLR 666 cited Lewis (as liq of Doran Constructions Pty Ltd (in liq)) v Doran (2005) 219 ALR 555 cited FAI Insurances Limited v Gold Leaf Interior Decorators Pty Ltd (1988) 14 NSWLR 643 cited D'Aloia v Commissioner of Taxation (2003) 203 ALR 609 cited Tourprint International Pty Ltd (in liq) v Bott (1999) 32 ACSR 201 cited Metropolitan Fire Systems Pty Ltd v Miller (1997) 23 ACSR 699 cited 3M Australia Pty Ltd v Kemish (1986) 10 ACLR 371 cited Superior Press Pty Ltd v Deputy Commissioner of Taxation (2004) 55 ATR 541 cited Ferrier v Civil Aviation Authority (1994) 55 FCR 28 cited
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