Warner (Trustee), in the matter of McMillan (Bankrupt) v McMillan [2020] FCA 1759

FEDERAL COURT OF AUSTRALIA

Warner (Trustee), in the matter of McMillan (Bankrupt) v McMillan [2020] FCA 1759 File number: NSD 90 of 2020

Judge: FLICK J

Date of judgment: 10 December 2020

Catchwords: BANKRUPTCY – transfer of property at less than market value – transfer for $1 BANKRUPTCY – transfers that are void – whether transferor's main purpose in transfer was to defeat creditors EVIDENCE – Jones v Dunkel inference – failure to call witnesses

Legislation: Bankruptcy Act 1966 (Cth) ss 115, 116, 120, 121 Bankruptcy Legislation Amendment Act 1996 (Cth) Fraudulent Conveyances Act 1571 (UK) Explanatory Memorandum to the Bankruptcy Legislation Amendment Bill 1996

Cases cited: Anscor Pty Ltd v Clout [2004] FCAFC 71, (2004) 135 FCR 469 Barton v Official Receiver (1986) 161 CLR 75 Cannane v J Cannane Pty Ltd (in Liq) [1998] HCA 26, (1998) 192 CLR 557 Jones v Dunkel (1959) 101 CLR 298 Lo Pilato v Kamy Saeedi Lawyers Pty Ltd [2017] FCA 34, (2017) 249 FCR 69 Micheletto v El-Debel [2020] FCA 1031, (2020) 17 ABC (NS) 284 Prentice v Cummins (No 5) [2002] FCA 1503, (2002) 124 FCR 67 Re Jury; Ashton v Prentice [1999] FCA 671, (1999) 92 FCR 68 Saba v Plumb [2018] NSWCA 60, (2018) 97 NSWLR 278 Sellers v One Step Plumbing and Concrete Pty Ltd [2002] FCA 478, (2002) 190 ALR 716 The Trustees of the Property of Cummins v Cummins [2006] HCA 6, (2006) 227 CLR 278 Verge v Devere Holdings Pty Ltd (No 4) [2010] FCA 653, (2010) 8 ABC (NS) 211 Victorian Producers' Co-Operative Co Ltd v Kenneth [1999] FCA 1488, (1999) 1 ABC (NS) 198 Williams v Lloyd (1934) 50 CLR 341