Federal Court of Australia
Federal Court of Australia
Pascoe (Liquidator), in the matter of Matrix Group Ltd (in liq) (Trustee) (No 2) [2021] FCA 426 File number: NSD 1401 of 2019
Judgment of: LEE J
Date of judgment: 15 April 2021
Catchwords: CORPORATIONS – application by a liquidator for approval under s 477(2B) of the Corporations Act 2001 (Cth) (Act) to settle related proceedings in the Supreme Court of New South Wales – application approved EQUITY – confusion between legal and equitable remedies – a claim for relief in the nature of equitable compensation cannot be a "debt" within the meaning of s 477(2A) of the Act HIGH COURT AND FEDERAL COURT – consideration of fundamental principle of open justice – "necessary" a strong word
Legislation: Corporations Act 2001 (Cth) ss 477(2)(m), 477(2A), 477(2B), Sch 2 s 90-15 Federal Court of Australia Act 1976 (Cth) ss 37AE, 37AF
Cases cited: 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 Re Dawson; Union Fidelity Trustee Co Ltd v Perpetual Trustee Co Ltd [1966] NSWR 211 Re Lewis (as liquidators of Concrete Supply Pty Ltd (in liq)) [2020] FCA 841; (2020) 145 ACSR 459 Russell v Russell (1976) 134 CLR 495 Smith v Commonwealth of Australia (No 2) [2020] FCA 837
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