Bamboo Direct Pty Limited (in liq), in the matter of Bamboo Direct Pty Limited (in liq) [2016] FCA 264

FEDERAL COURT OF AUSTRALIA

Bamboo Direct Pty Limited (in liq), in the matter of Bamboo Direct Pty Limited (in liq) [2016] FCA 264 File number: NSD 931 of 2015

Judge: GLEESON J

Date of judgment: 22 March 2016

Catchwords: CORPORATIONS – proceeding commenced under s 511 of the Corporations Act 2001 (Cth) ("the Act") – application for directions in relation to a matter arising under winding up under s 479(3) of the Act BANKRUPTCY AND INSOLVENCY – creation of "Small-Scale Technology Certificates" ("STCs") under the Renewable Energy (Electricity) Act 2000 (Cth) – distribution of the proceeds of the sale of STCs – no trust over the proceeds of sale of the STCs – customers unsecured creditors – proceeds of the sale of the STCs property of the company PRACTICE AND PROCEDURE – parties granted leave to be heard pursuant to r 2.13 of the Federal Court (Corporations) Rules 2000 (Cth)

Legislation: Corporations Act 2001 (Cth) Renewable Energy (Electricity) Act 2000 (Cth) Conveyancing Act 1919 (NSW) Corporations Regulations 2001 (Cth) Renewable Energy (Electricity) Regulations 2001 (Cth)

Cases cited: Associated Alloys Pty Limited v ACN 001 452 106 [2000] HCA 25; 202 CLR 588 Australian Securities Commission v Melbourne Asset Management Nominees (1994) 49 FCR 334 Bastion v Gideon Investments Pty Ltd [2000] NSWSC 939; (2000) ACSR 466 Coolbrew Pty Ltd v Westpac Banking Corporation [2014] NSWSC 1108 Coolbrew Pty Ltd v Westpac Banking Corporation [2015] NSWCA 135 Evans v National Provincial Bank of England (1897) 13 TLR 429 Lord v Australian Elizabethan Theatre Trust (1991) 30 FCR 491; 102 ALR 681 Meadow Springs Fairway Resort Ltd (in liq) v Balanced Securities Ltd [2007] FCA 1443; (2007) 25 ACLC 1433 R v Hansford (1974) 8 SASR 164 Re Enviro Friendly Products Pty Ltd (in liq) [2013] FCA 852 Re Williams [1971] 1 Ch 1 Re Willmott Forests (No 2) [2012] VSC 125; (2012) 88 ASCR 18 Shah v Shah [2010] EWCA Civ 1408 Murray M and Harris J, Keay's Insolvency (8th ed, Thomson Reuters, 2014)