Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
Tamaya Resources Limited (in liq) v Claymore Capital Pty Ltd [2015] FCA 357 Citation: Tamaya Resources Limited (in liq) v Claymore Capital Pty Ltd [2015] FCA 357
Parties: TAMAYA RESOURCES LIMITED (IN LIQUIDATION) ACN 071 349 249 and PHILIP CAMPBELL-WILSON IN HIS CAPACITY AS LIQUIDATOR OF TAMAYA RESOURCES LIMITED (IN LIQUIDATION) ACN 071 349 249 v CLAYMORE CAPITAL PTY LTD ACN 082 722 290
File number: NSD 1884 of 2011
Judge: FARRELL J
Date of judgment: 21 April 2015
Catchwords: CORPORATIONS – application by liquidator for recovery of moneys – whether payments were voidable transactions on account of being unfair preferences and insolvent transactions within the meaning of ss 588FA and 588FC of the Corporations Act 2001 (Cth) – whether payee can rely on good faith defence under s 588FG of the Corporations Act 2001 (Cth) – meaning of suspicion – up-front fee – whether debtor-creditor relationship
Legislation: Corporations Act 2001 (Cth) ss 95A, 588FA, 588FC, 588FE, 588FF, 588FG
Cases cited: Airservices Australia v Ferrier (1996) 185 CLR 483 Bank of Australasia v Hall (1907) 4 CLR 1514 Bell Group Ltd (in liq) v Westpac Banking Corporation (No 9) (2008) 39 WAR 1; (2008) 70 ACSR 1 Cook's Construction Pty Ltd v Brown (2004) 49 ACSR 62; [2004] NSWCA 105 Cussen as Liquidator of Akai Pty Ltd v Commissioner of Taxation (2004) 51 ACSR 530; [2004] NSWCA 383 Dean-Willcocks v Commissioner of Taxation [2008] NSWSC 1113 Lewis (as liquidator of Doran Constructions Pty Ltd) v Doran (2005) 219 ALR 555; [2005] NSWCA 243 Mann v Sangria Pty Ltd (2001) 38 ACSR 307; [2001] NSWSC 172 Queensland Bacon Pty Ltd v Rees (1966) 115 CLR 266 Re Discovery Books Pty Ltd (1972) 20 FLR 470 Re Employ (No 96) Pty Ltd (in liq) [2013] NSWSC 61 Sutherland (in his capacity as liquidator of Sydney Appliances Pty Ltd (in liq)) v Eurolinx Pty Ltd (2001) 37 ACSR 477; [2001] NSWSC 230 VR Dye & Co v Peninsula Hotels Pty Ltd (in liq) [1999] 3 VR 201; (1999) 150 FLR 307 LexisNexis, Austin & Black's Annotations to the Corporations Act
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