Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
BMG Poseidon Corp Pty Ltd v Adelaide Bank Limited; In the Matter of BMG Poseidon Corp Pty Ltd (No 2) [2009] FCA 404
CORPORATIONS LAW – application by judgment debtor pursuant to s 459G of the Corporations Act 2001 (Cth) to set aside creditor's Statutory Demand served for the balance of a judgment debt – judgment obtained by default – application to set aside the judgment refused by Supreme Court of NSW – whether Court satisfied that there is "genuine dispute" within s 459H(1)(a) of the Act – whether Court satisfied that there is an "offsetting claim" within s 459H(1)(b) of the Act – whether Court satisfied that there is a defect in the relevant statutory demand justifying an order setting aside that demand – whether there is some other reason for setting aside the relevant statutory demand – application to set aside statutory demand refused Corporations Act 2001 (Cth), ss 459E, 459G, 459H and 459J Corporations Regulations 2001 (Cth), Sch 2 Real Property Act 1900 (NSW), s 57(2)(b)
Federal Court (Corporations) Rules 2000 High Court Rules, r 41.02.1
BMG Poseidon Corp Pty Ltd v Adelaide Bank Limited; In the Matter of BMG Poseidon Corp Pty Ltd [2009] FCA 389 related Chase Manhattan Bank Australia Ltd v Oscty Pty Ltd (1995) 17 ACSR 128 applied Economic Life Assurance Society v Usborne [1902] AC 147 applied Elders Trustee & Executor Co Ltd v Eagle Star Nominees Ltd (1986) 4 BPR 9205, [1987] ANZ ConvR 14, (1987) NSW ConvR 55–333 applied Eyota Pty Ltd v Hanave Pty Ltd (1994) 12 ACSR 785, (1994) 12 ACLC 669 applied IFA Homeware Imports Pty Ltd v Shanghai Jerrys Candle Company Ltd [2003] FCA 533 distinguished Olivieri v Stafford (1989) 24 FCR 413 cited Pendlebury v Colonial Mutual Life Assurance Society Ltd (1912) 13 CLR 676 applied Port of Melbourne Authority v Anshun Pty Ltd (1981) 147 CLR 589 cited Re Johnson & Mann; Ex parte Greendale Engineering & Cables Ltd [1968] ALR 408, (1967) 11 FLR 335 applied Rohalo Pharmaceutical Pty Ltd v RP Scherer SpA & Pharmagel SpA (1994) 15 ACSR 347, (1994) 13 ACLC 94 applied Spencer Constructions Pty Ltd v G & M Aldridge Pty Ltd (1997) 76 FCR 452 applied Upton v Tasmanian Perpetual Trustees Ltd (2007) 158 FCR 118 applied
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