Worrell, in the matter of regulation 5.6.06 of the Corporations Regulations 2001 [2010] FCA 934

FEDERAL COURT OF AUSTRALIA

Worrell, in the matter of regulation 5.6.06 of the Corporations Regulations 2001 [2010] FCA 934

Citation: Worrell, in the matter of regulation 5.6.06 of the Corporations Regulations 2001 [2010] FCA 934

Parties: IVOR WORRELL, RAJENDRA KUMAR KHATRI, MICHAEL JOHN GRIFFIN, MICHAEL RICHARD PELDAN, MORGAN GERARD LANE, PAUL ERIC NOGUIERA, CHRISTOPHER COOK, SUSAN CARTER, JASON BETTLES, CHRISTOPHER DORIN, NICHOLAS MALANOS, MICHAEL HIRD, PAUL BURNESS, CON KOKKINOS, MATTHEW JESS, WAYNE LAMB

File number: QUD 200 of 2009

Judge: GREENWOOD J

Date of judgment: 30 August 2010

Catchwords: INSOLVENCY – consideration of an application for a declaration concerning the construction of Regulation 5.6.06 and Regulation 5.6.09 of the Corporations Regulations 2001 (Cth) – consideration of whether an order ought to be made under s 1322(4)(c) of the Corporations Act 2001 (Cth)

Legislation: Corporations Act 2001 (Cth), ss 421, 459A, 459P, 461, 462, 464, 471A, 479, 513, 531, 538, 1282, 1283, 1322 Corporations Regulations 2001 (Cth), Reg 5.6.06, Reg 5.6.09 Bankruptcy Act 1966 (Cth), s 155C

Cases cited: Project Blue Sky v Australian Broadcasting Authority (1998) 194 CLR 355 – cited Austereo Ltd v Trade Practices Commission (1993) 41 FCR 1 – cited Hooker v Gilling (2007) MVR 136 – cited Johns v Law Society of NSW [1982] 2 NSWLR 1 – cited Deputy Federal Commissioner of Taxes v Elder's Trustee and Executor Co Ltd (1936) 57 CLR 610 – applied Hepples v Federal Commissioner of Taxation (1992) 173 CLR 492 – applied Commissioner of State Revenue v Pioneer Concrete (Vic) Pty Ltd (2002) 209 CLR 651 – cited Commissioner of Taxation v Energy Resources of Australia Ltd (2003) 135 FCR 346 – applied