G S Technology Pty Ltd v GSA Industries (Aust) Pty Limited [2007] FCA 1895

FEDERAL COURT OF AUSTRALIA

G S Technology Pty Ltd v GSA Industries (Aust) Pty Limited [2007] FCA 1895

CORPORATIONS LAW – application to set aside statutory demand under s 459G Corporations Act 2001 (Cth) – where amount of demand not disputed – whether plaintiff has genuine claims against the defendant to offset the admitted amount pursuant to s 459H(1)(b) – where plaintiff found to have arguable genuine claims for offset in excess of admitted amount Corporations Act 2001 (Cth), ss 459G, 459H and 459J Andi-Co Australia Pty Ltd v Meyers [2004] FCA 1358 considered Chadwick Industries (South Coast) Pty Ltd v Condensing Vaporisers Pty Ltd (1994) 13 ACSR 37 considered Fleur De Lys Pty Ltd v Jarrett (2004) 51 ACSR 238 considered Gujarat NRE Australia v Williams [2006] NSWSC 518 considered Intag Microelectronics Pty Ltd v AWA Ltd (1995) 18 ACSR 284 applied Macleay Nominees Pty Ltd v Belle Property East Pty Ltd [2001] NSWSC 743 considered Mibor Investments Pty Ltd v Commonwealth Bank of Australia (1993) 11 ACSR 362 considered Re Morris Catering (Australia) Pty Ltd (1993) 11 ACSR 601 considered Scanhill Pty Ltd v Century 21 Australasia Pty Ltd (1993) 12 ACSR 341 considered Stack v Brisbane City Council (1999) 47 IPR 525 cited G S TECHOLOGY PTY LIMITED (ACN 011 062 767) v GSA INDUSTRIES (AUST) PTY LIMITED (ACN 004 784 301) QUD 307 OF 2007

SPENDER J

30 NOVEMBER 2007

BRISBANE IN THE FEDERAL COURT OF AUSTRALIA

QUEENSLAND DISTRICT REGISTRY QUD 307 OF 2007

BETWEEN: G S TECHOLOGY PTY LIMITED (ACN 011 062 767)

Plaintiff

AND: GSA INDUSTRIES (AUST) PTY LIMITED (ACN 004 784 301)

Defendant

JUDGE: SPENDER J DATE OF ORDER: 30 NOVEMBER 2007

WHERE MADE: BRISBANE

THE COURT ORDERS THAT:

1. The statutory demand for $33,264.80 served on the plaintiff by the defendant on 4 September 2007 be set aside. Note: Settlement and entry of orders is dealt with in Order 36 of the Federal Court Rules.