Lockwood v Vince [2007] FCA 1946

FEDERAL COURT OF AUSTRALIA

Lockwood v Vince [2007] FCA 1946

BANKRUPTCY– failure to disclose income – whether payments to a bank account over which the bankrupt has no control are income – whether trustee may rely on evidence not referred to in notice of objection to discharge – withdrawal of notice of objection WORDS AND PHRASES – income

Bankruptcy Act 1966 (Cth) ss 5, 139L, 139U, 149A, 149C, 149D

Clyne v Deputy Commissioner of Taxation (1984) 154 CLR 589 Commissioner of Taxation (Cth) v Myer Emporium Ltd (1987) 163 CLR 199 Cummings v Claremont Petroleum NL (1996) 185 CLR 124 Hayes v Federal Commissioner of Taxation (1956) 96 CLR 47 James v Oxley (1939) 61 CLR 433 National Commercial Banking Corporation of Australia Ltd v Batty (1986) 160 CLR 251 Prentice v Wood (2002) 119 FCR 296 Re Hall (1994) 14 ACSR 488 Scott v Federal Commissioner of Taxation (1966) 117 CLR 514 Squatting Investment Co Ltd v Federal Commissioner of Taxation (1953) 86 CLR 570 DAVID NEIL LOCKWOOD v PETER ROBERT VINCE (AS TRUSTEE OF THE PROPERTY OF DAVID NEIL LOCKWOOD, A BANKRUPT) VID 791 of 2007

FINKELSTEIN J

7 DECEMBER 2007

MELBOURNE IN THE FEDERAL COURT OF AUSTRALIA

VICTORIA DISTRICT REGISTRY VID 791of 2007

BETWEEN: DAVID NEIL LOCKWOOD

Applicant

AND: PETER ROBERT VINCE (AS TRUSTEE OF THE PROPERTY OF DAVID NEIL LOCKWOOD, A BANKRUPT)

Respondent

JUDGE: FINKELSTEIN J

DATE OF ORDER: 7 DECEMBER 2007

WHERE MADE: MELBOURNE

THE COURT ORDERS THAT:

1. Within 14 days the respondent take all necessary steps to withdraw the Notice of Objection to the discharge of the bankruptcy of the applicant. 2. The costs of this application be reserved. Note: Settlement and entry of orders is dealt with in Order 36 of the Federal Court Rules.

IN THE FEDERAL COURT OF AUSTRALIA

VICTORIA DISTRICT REGISTRY VID 791 of 2007