Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
Tonks, in the matter of PWG Holdings Pty Ltd (in liquidation) (No 2) [2017] FCA 893 File number: NSD 275 of 2017
Judge: YATES J
Date of judgment: 4 August 2017
Catchwords: CORPORATIONS – creditors' voluntary winding up – where company in liquidation is a bare trustee of trust assets – plaintiffs acting as liquidators of the company and as receivers and managers of the trust assets – determination of the plaintiffs' remuneration as liquidators and as receivers and managers in dealing with the trust assets – dispensation with the requirement to pass final accounts in the receivership – discharge of the plaintiffs as receivers and managers
Legislation: Corporations Act 2001 (Cth) s 499(3)(b), s 511(2) Trustee Act 1925 (NSW) s 63(1)
Cases cited: Alphena Pty Limited (In liq) v PS Securities Pty Ltd as trustee of the Joseph Family Trust (2013) 94 ACSR 160; [2013] NSWSC 447 Ide v Ide (2004) 184 FLR 44; [2004] NSWSC 751 In the matter of Independent Contractor Services (Aust) Pty Limited ACN 119 186 971 (in liquidation) (No 2) [2016] NSWSC 106 Kerr, in the matter of Angel's Castle Pre-School Pty Ltd (in liquidation) (No 2) [2012] FCA 57 Kite v Mooney, in the matter of Mooney's Contractors Pty Ltd (in liq) (No 2) [2017] FCA 653 Re Application of Sutherland (2004) 50 ACSR 297; [2004] NSWSC 798 Tonks, in the matter of PWG Holdings Pty Ltd (in liquidation) [2017] FCA 246
Date of hearing: 28 July 2017
Registry: New South Wales
Division: General Division
We try to embed the page this law was scraped from. If the site blocks framing, you still get the link and a local excerpt.
Last checked with source on —
Checking whether the official page can be embedded…
Plain-English simplify of this law: a short summary, key points, and both sides of the argument. Generated on first view via Replicate, then cached. Vote on what helps your study.
No study brief is cached for this law yet. Sign up to generate a plain-English brief.
Sign up to generate