Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
Australian Securities & Investments Commission v Eastlands Pty Ltd ACN 009 349 053 (No 3) [2006] FCA 1702
CORPORATIONS – insolvency – winding up – failure to comply with statutory demands – presumption of insolvency – members of inter-company group – evidence by common director of financial arrangements within inter-company group – insufficient to displace presumption – winding up orders made – appointment of liquidators as receivers of assets of trusts of trustee companies Corporations Act 2001 (Cth) s 459C, s 459F, s 459Q. s 459S, s 467A Australian Securities and Investments Commission v Eastlands Pty Ltd (No 1) [2006] FCA 1101 cited Australian Securities and Investments Commission v Eastlands Pty Ltd (No 2) [2006] FCA 1193 cited Lavercombe v Auscott Ltd (2006) 58 ACSR 586 cited AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION v EASTLANDS PTY LTD ACN 009 349 053, GOLDTAG PTY LTD ACN 085 432 239 (CONTROLLER APPOINTED), WESTPOINT MONEY MANAGEMENT PTY LTD ACN 098 779 778, ASSET BUILD (AUST) PTY LTD ACN 100 871 298, CINEMA CITY DEVELOPMENT PTY LTD ACN 091 824 298, WESTPOINT CONSULTING GROUP PTY LTD ACN 053 799 410, JETSTONE PTY LTD ACN 108 153 617, NETWORK COMPANY PTY LTD ACN 101 151 400, PAGELIGHT NOMINEES PTY LTD ACN 109 455 110, KINGDREAM PTY LTD ACN 092 481 377 (RECEIVER AND MANAGER APPOINTED), JUSON PTY LTD ACN 008 998 927, BRIDGEVIEW HOLDINGS PTY LTD ACN 063 407 563 AND WESTSIDE BRISBANE DEVELOPMENTS PTY LTD ACN 116 479 013 WAD 180 OF 2006
FRENCH J
6 DECEMBER 2006
PERTH IN THE FEDERAL COURT OF AUSTRALIA
WESTERN AUSTRALIA DISTRICT REGISTRY WAD 180 OF 2006
In the matter of: Eastlands Pty Ltd ACN 009 349 053 Goldtag Pty Ltd ACN 085 432 239 (controller appointed) Westpoint Money Management Pty Ltd ACN 098 779 778 Asset Build (Aust) Pty Ltd ACN 100 871 298 Cinema City Development Pty Ltd ACN 091 824 298 Westpoint Consulting Group Pty Ltd ACN 053 799 410 Jetstone Pty Ltd ACN 108 153 617 Network Company Pty Ltd ACN 101 151 400 Pagelight Nominees Pty Ltd ACN 109 455 110 Kingdream Pty Ltd ACN 092 481 377 (Receiver and Manager Appointed) Juson Pty Ltd ACN 008 998 927 Bridgeview Holdings Pty Ltd ACN 063 407 563 Westside Brisbane Developments Pty Ltd ACN 116 479 013 BETWEEN: AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION
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