Federal Court of Australia
FEDERAL COURT OF AUSTRALIA Spring, in the matter of Goal Group Australia Pty Ltd (Administrators Appointed) (No 2) [2024] FCA 1494 File number:
Judgment of: JACKMAN J
Date of judgment: 18 December 2024
Date of publication of reasons: 19 December 2024
Catchwords: BANKRUPTCY AND INSOLVENCY – where company identified and managed potential recoveries for clients in securities class actions – whether liquidators justified in causing payment of amounts received on behalf of clients – whether liquidators justified in treating commission as beneficially owned by company
Legislation: Corporations Act 2001 (Cth) sch 2 (Insolvency Practice Schedule (Corporations)) s 90-15 Trustee Act 1925 (NSW) ss 63, 81
Legal Services Board v Gillespie-Jones [2013] HCA 35; (2013) 249 CLR 493 Cases cited: Re French Caledonia Travel Service Pty Ltd (in liquidation) [2003] NSWSC 1008; (2003) 59 NSWLR 361 Registrar of Accident Compensation Tribunal v Federal Commissioner of Taxation [1993] HCA 3; (1993) 178 CLR 145 Spring, in the matter of Goal Group Australia Pty Ltd (Administrators Appointed) [2024] FCA 1043
Division: General Division
Registry: New South Wales
National Practice Area: Commercial and Corporations
Sub-area: Corporations and Corporate Insolvency
Number of paragraphs: 25
Date of hearing: 18 December 2024
Counsel for the Plaintiffs: Mr APF Ryan
Solicitor for the Plaintiffs: McCullough Robertson
ORDERS NSD 1151 of 2024 IN THE MATTER OF GOAL GROUP AUSTRALIA PTY LTD (ADMINISTRATORS APPOINTED)
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