Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
Gordian Runoff Limited, in the matter of Gordian Runoff Limited (No 2) [2016] FCA 687
File number: NSD 316 of 2016
Judges: ALLSOP CJ
Date of judgment: 9 June 2016
Catchwords: INSURANCE— general insurance—application for confirmation of a scheme for the transfer of an insurance business—when both transferee and transferor insurer are conducting a runoff insurance business—the Court's discretion to confirm a scheme—where the size of the business being transferred is minimal
Legislation: Insurance Act 1973 (Cth) ss 12, 32, 17A-17G Life Insurance Act 1995 (Cth)
Cases cited: In the matter of GIO Personal Investment Services Ltd and AMP Life Ltd [2000] FCA 1871 In the matter of Reward Insurance Ltd [2004] FCA 151 Re Insurance Australia Ltd [2004] FCA 524; 139 FCR 450 Re Royal & Sun Alliance Life Assurance Ltd [2000] FCA 1259; 104 FCR 37 Re Westport Insurance Corporation (No 2) [2009] FCA 1958; 181 FCR 530
Date of hearing: 6 June 2016
Registry: New South Wales
Division: General Division
National Practice Area: Commercial and Corporations
Sub-area: Commercial Contracts, Banking, Finance and Insurance
Category: Catchwords
Number of paragraphs: 80
Counsel for the Applicant: Mr N J Owens
Solicitor for the Applicant: HWL Ebsworth Lawyers
Solicitor for APRA Mr D Tran
ORDERS NSD 316 of 2016
GORDIAN RUNOFF LIMITED, IN THE MATTER OF GORDIAN RUNOFF LIMITED ABN 11 052 179 647
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