Richardson v Commercial Banking Co of Sydney Ltd [1952] HCA 8

Folt i Foll Fol 'ppetpel E Dist Di oll Appl Dist ent 'Ran ist Ramsey Wardle, Re We ey aa ia Kedser bigof Bank Lid 13 pasate, Banking Com eh a 34 ue efi athe pie Pod 32 (19851 VR so AGL si, 613 Foll ppl, Dist Te M. Fol fi SRlid das Aaron Ol Ne iors Remar Cit "AED mans ee lio &! pea Authority Pry Lid (in viation v uguy Cit [1951-1952. Gey ay a lig) Re [1994] 'Author fRionorn Pty Aion Dist ie} Fete ap FER Fees (Nie Hage ti) (ost, ees Bank Reet A wae seh i F TELR 21 WigWiy | Biden irvervices Apel Appl 1 Emarnuel n isad fusiraiey fusca, ' Gee fiserices Poon. Ce a Birk, priya! 3 pl force rer (196) Lid 1 if Rtg NA % lirik TREK WARES TERY BSI coq Mle, acim Fo! Foll Cons Avigtion iherlondy Vi Dye & co Wily v St Sands AP, Appt Foll AEG a Coal ae Liquor. {army jeorge McDougall Atdpidge P: diem Mi Cems 'elm Het. patra, Wiaeeley Lae Walsh lca cP fr ny @ bi Appl 3s AC i (1999) 33 i A oy ah 'yg (9g 139 's 32 ACSR 27 (9595 ert, For Tle. Ba ACSR 546 (Bes) en ieee Pp 'ily v St Cons y + j George Sands & Hoye Co APN Nan Gish Rarmtership, McDousoll aN Paytyd Ooo Bekeve Li Lid Wholesaley éninsla gtd (2000) a ose 1999) FCT {1999} 1 Hotels [1999] Walshv Nowa Gd M 204 VR 489 eg & - a PryLid (000) Aldridge Pt {HIGH COURT OF AUSTRALIA.] URS Lady Walsh Appl (oan) 179 G&M LR 416 fldridee: Pry aia ae RICHARDSON . ' zy : c APPELLANT ;

H. C. or A. 1951-1952. we SYDNEY, 1951, Nov. 19.

Merzourye,

Dixon, Williams and Pullagar JJ.

APPLICAN

AND

THE COMMERCIAL BANKING COMPANY Ras OF SYDNEY LIMITED Lo a eee RESPONDENT,

Bankruptcy—Preferences—Avoidance—Bank deposits within six months of seques-

tration—Payments in ordinary course of business—Reduction of debit—Bank ies—Office and trust accounts of solicitor—Bank- 8s. 90, 91, 95, 96a.

account used to meet liabil ruptcy Act 1924-1950 (No. 37 of 1924—No. 80 of 1950),

In determining whether a transaction is a preference within the meaning of s. 95 of the Bankruptcy Act 1924-1950 a court is required to consider (1) "effect" which the section treats as decisive, and (2) whether In a case where the payment