Deputy Commissioner of Taxation, in the matter of ACN 154 520 199 Pty Ltd (in liq) v ACN 154 520 199 Pty Ltd (in liq) (No 2) [2017] FCA 755

FEDERAL COURT OF AUSTRALIA

Deputy Commissioner of Taxation, in the matter of ACN 154 520 199 Pty Ltd (in liq) v ACN 154 520 199 Pty Ltd (in liq) (No 2) [2017] FCA 755 File number: NSD 74 of 2017

Judge: GLEESON J

Date of judgment: 7 July 2017

Catchwords: CORPORATIONS – winding up – creditors' voluntary winding up –application under s 477(2B) of the Corporations Act 2001 (Cth) for the approval of a funding agreement – application for retroactive approval nunc pro tunc – application granted CORPORATIONS – winding up – creditors' voluntary winding up – application under s 477(2B) of the Corporations Act 2001 (Cth) for approval of funding agreement to be entered into by special purpose liquidator – application granted COSTS – proceedings in which liquidator is a defendant – ordinary rule applied COSTS – liquidator's application for approval of a funding agreement under s 477(2B) of the Corporations Act 2001 (Cth) – liquidator's costs to be costs in the liquidation

Legislation: Corporations Act 2001 (Cth) Federal Court of Australia Act 1976 (Cth)

Cases cited: Chamberlain v RG & H Investments Pty Ltd; re Hardy Bros (Earthmoving) Pty Limited (in liq) (No 2) [2009] FCA 1531; (2009) 76 ACSR 415 Corporate Affairs Commission v ASC Timber Pty Ltd (1998) 29 ACSR 109 Deloughery v Weston (2010) 79 ACSR 180; [2010] NSWCA 148 Fortress Credit Corporation (Australia) II Pty Ltd v Fletcher [2011] FCAFC 89; (2011) 85 ACSR 38 Hamilton, re ACN 101 634 146 Pty Ltd (in liq) [2014] FCA 687 Lardis v Free [2014] FCA 304 Leigh re King Bros [2006] NSWSC 315 McGrath re HIH Insurance Ltd [2010] NSWSC 404; (2010) 266 ALR 642 Onefone Australia Pty Ltd v One.Tel Ltd (2010) [2010] NSWSC 498; (2010) 78 ACSR 163 Pascoe; re Matrix Group Ltd (in liq) [2011] FCA 1117 Re 7 Steel Distribution Pty Ltd (in liq) (recs and mgrs apptd) [2013] NSWSC 669; (2013) 31 ACLC 13-021 Re ACN 076 673 875 Ltd [2002] NSWSC 578; (2002) 42 ACSR 296 Re Ambient Advertising Pty Ltd (in liq) [2015] NSWSC 1079 Re Gerard Cassegrain & Co Pty Ltd (in liq) [2013] NSWSC 257 Re Golden Sands Hospitality Pty Ltd (in liq) (No 2) [2017] NSWSC 450 Re Kevin Jacobsen Pty Ltd (in liq) [2016] NSWSC 538; (2016) 113 ACSR 277 Re Octaviar Administration Pty Ltd (in liq) [2014] NSWSC 344 Re Wilson Lovatt & Sons Limited [1977] 1 All ER 274 Silvia v Brodyn Pty Ltd [2007] NSWCA 55; (2007) 25 ACLC 385 Stewart, re Newtronics Pty Ltd [2007] FCA 1375 Victoria v CTM Training Solutions Pty Ltd (In Liq) [2017] VSC 47 Victoria v Goulburn Administration Services (In Liq) [2016] VSC 654