Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
Condon (Trustee), in the matter of Rayhill (Bankrupt) v Truthful Endeavour Pty Ltd [2015] FCA 7 Citation: Condon (Trustee), in the matter of Rayhill (Bankrupt) v Truthful Endeavour Pty Ltd [2015] FCA 7
Parties: IN THE MATTER OF THE BANKRUPT ESTATE OF COLLEEN ANNE RAYHILL (ALSO KNOWN AS COLLEEN ANNE LEWIS); SCHON GREGORY CONDON (AS TRUSTEE OF THE BANKRUPT ESTATE OF COLLEEN ANNE RAYHILL (ALSO KNOWN AS COLLEEN ANNE LEWIS)) v TRUTHFUL ENDEAVOUR PTY LTD ACN 155 107 734
File number: NSD 1923 of 2013
Judge: JAGOT J
Date of judgment: 23 January 2015
Catchwords: TRUSTS AND TRUSTEES – trustee's right of indemnity and creditor's right of subrogation – whether bankrupt was creditor of trust by reason of payments by or on behalf of bankrupt in respect of trust property. BANKRUPTCY AND INSOLVENCY – whether trustee in bankruptcy entitled to balance of proceeds of sale.
Legislation: Bankruptcy Act 1966 (Cth) s 58(1)
Cases cited: ANZ Banking Group Ltd v Intagro Projects Pty Ltd [2004] NSWSC 1054 Ample Source International Limited v Bonython Metals Group Pty Ltd (No 6) [2011] FCA 1484 Ashby v Slipper [2014] FCA 973 Baker v Palm Bay Island Resort Pty Ltd (No 1) [1970] QWN 25 Belar Pty Ltd (in liq) v Mahaffey [2000] 1 Qd R 477; [1999] QCA 2 Blair v Curran (1939) 62 CLR 464 Chief Commissioner of Stamp Duties for New South Wales v Buckle (1998) 192 CLR 226 Coates v McInerney (1992) 7 WAR 537 Davies v Littlejohn (1923) 34 CLR 174 Dimos v Dikeakos Nominees Pty Ltd (1996) 68 FCR 39 Dowse v Gorton [1891] AC 190 Ex parte Garland (1804) 10 Ves Jun 110 Governors of St Thomas's Hospital v Richardson [1910] 1 KB 271 Hewett v Court (1983) 149 CLR 639 Jennings v Mather [1901] 1 KB 108 Lemery Holdings Pty Ltd v Reliance Financial Services Pty Ltd (2008) 74 NSWLR 550; [2008] NSWSC 1344 Lewis v Condon [2013] NSWSC 120 Lewis v Condon (2013) 85 NSWLR 99; [2013] NSWCA 204 Londish v Gulf Pacific Pty Ltd (1993) 45 FCR 128 Melbourne Tramways Trust v Melbourne Tramway & Omnibus Co Ltd (1887) 13 VLR 487 Octavo Investments Pty Ltd v Knight (1979) 144 CLR 360 Official Assignee of O'Neill v O'Neill (1898) 16 NZLR 628 Port of Melbourne Authority v Anshun Pty Ltd (1981) 147 CLR 589 Re Enhill Pty Ltd [1983] 1 VR 561 Re Exhall Coal Co Ltd (1866) 55 ER 970 Re Morgan; Pillgrem v Pillgrem (1881) 18 Ch D 93 Re Pumfrey (1882) 22 Ch D 255 Re Stucley [1906] 1 Ch 67 Re Suco Gold Pty Ltd (in liq) (1983) 33 SASR 99 Savage v Union Bank of Australia Ltd (1906) 3 CLR 1170 Smith v NSW Bar Association (1992) 176 CLR 256 Southern Wine Corporation Pty Ltd (in liq) v Frankland River Olive Co Ltd (2005) 31 WAR 162; [2005] WASCA 236 Tennant v Trenchard (1869) LR 4 Ch App 537 Trim Perfect Australia Pty Ltd (in liq) v Albrook Constructions Pty Ltd [2006] NSWSC 153 Urban Transport Authority of NSW v Nweiser (1992) 28 NSWLR 471 Vacuum Oil Co Pty Ltd v Wiltshire (1945) 72 CLR 319 Xebec Pty Ltd (in liq) v Enthe Pty Ltd (1987) 18 ATR 893
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