Di Cioccio v Official Trustee in Bankruptcy [2014] FCA 782

FEDERAL COURT OF AUSTRALIA

Di Cioccio v Official Trustee in Bankruptcy [2014] FCA 782 Citation: Di Cioccio v Official Trustee in Bankruptcy [2014] FCA 782

Parties: MARC EDWARD DI CIOCCIO v THE OFFICIAL TRUSTEE IN BANKRUPTCY

File number: VID 1345 of 2013

Judge: PAGONE J

Date of judgment: 29 July 2014

Catchwords: BANKRUPTCY – meaning of "after-acquired property" – whether shares acquired with income below threshold amount constitute after-acquired property vesting in trustee – Re Gillies applied.

Legislation: Bankruptcy Act 1924 (Cth), s 101 Bankruptcy Act 1966 (Cth), Division 4B, ss 5, 58, 116, 131, 139P, 178

Cases cited: Bank of Western Australia v Commissioner of Taxation (Cth) (1994) 55 FCR 233 Commissioner of Taxation v Sun Alliance Investments Pty Ltd (in liq) (2005) 225 CLR 488 Davies v Davies [2012] FMCAfam 866 Federal Commissioner of Taxation v Cooke and Sherden (1980) 42 FLR 403, 412-416 Federal Commissioner of Taxation v Montgomery (1999) 198 CLR 639 Federal Commissioner of Taxation v Official Receiver (1956) 95 CLR 300 Federal Commissioner of Taxation v Orica Ltd (1998) 194 CLR 500 Hayes v Federal Commissioner of Taxation (1956) 96 CLR 47 Marr v Australian Telecom Corporation (1991) 34 FCR 82 Nezovic v Minister for Immigration and Multicultural and Indigenous Affairs (No 2) (2003) 133 FCR 190 Project Blue Sky Inc v Australian Broadcasting Commission (1998) 194 CLR 355 Re Gillies; Ex parte Official Trustee in Bankruptcy (1993) 42 FCR 571 Re Weiss; Ex parte Official Trustee in Bankruptcy (1985) 7 FCR 121 Rodway v White (2009) 233 FLR 262 Scott v Commissioner of Taxation (1935) 35 SR (NSW) 215 Thomas v Federal Commissioner of Taxation (1923) 33 CLR 256 Whitaker v Federal Commissioner of Taxation (1998) 82 FCR 261