In the matter of Priority Matters Pty Ltd [2022] NSWSC 3

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Priority Matters Pty Ltd [2022] NSWSC 3 Hearing dates: 30 August 2021 Decision date: 09 February 2022 Jurisdiction: Equity Before: Rees J Decision: Vary demand from $4.9 million to $4.67 million, plaintiff to pay costs. Catchwords: CORPORATIONS – winding up – company liable to pay tax estimates of $4.9 million – company fails to revoke estimate – Commissioner serves statutory demand – whether application to set aside statutory demand are proceedings which "relate to the recovery of the unpaid amount of the estimate" under item 2, s 268-40, sch 1, Taxation Administration Act at [29]-[50] – Transtar followed – whether "other reason why the demand should be set aside" at [52]-[55]. Legislation Cited: Bankruptcy Act 1966 (Cth) Corporations Act 2001 (Cth) Income Tax Assessment Act 1936 (Cth) Taxation Administration Act 1953 (Cth) Cases Cited: Australia DIS Pty Ltd v Deputy Commissioner of Taxation [2012] VSC 331; (2012) 90 ATR 128 Britten-Norman Pty Ltd v Analysis & Technology Australia Pty Ltd (2013) 85 NSWLR 601; [2013] NSWCA 344 CLK Kitchens & Joinery Pty Ltd v Commissioner of Taxation [2019] FCA 1086 Creata (Aust) Pty Ltd v Faull [2017] NSWCA 300; (2017) 125 ACSR 212 CVC Investments Pty Ltd v P&T Aviation Pty Ltd (1989) 18 NSWLR 295; 7 ACLC 1218 Deputy Commission of Taxation v Epov [2008] NSWSC 1085 Deputy Commissioner of Taxation v Armstrong Scalisi Holdings Pty Ltd [2019] NSWSC 129; (2019) 343 FLR 374 Deputy Commissioner of Taxation v Broadbeach Properties (2008) 237 CLR 473; [2008] HCA 41 Deputy Commissioner of Taxation v Karas (2013) 278 FLR 402; [2013] VSC 410 Drillsearch Energy Ltd v Carling Capital Partners Pty Ltd [2009] NSWSC 1192 Equipped Constructions Pty Ltd v Form Architects Pty Ltd [2006] NSWSC 500 Eyota Pty Ltd v Hanave Pty Ltd (1994) 12 ACSR 785 Grandview Ausbuilder Pty Ltd v Budget Demolitions Pty Ltd (2019) 99 NSWLR 397; [2019] NSWCA 60 In the matter of Essential Media and Entertainment Pty Ltd [2020] NSWSC 990 In the matter of Gorji Property Investment Pty Ltd [2018] NSWSC 1671 In the matter of Granite Power Ltd [2019] NSWSC 1491 In the matter of Linton Developments (Qld) Pty Ltd [2017] NSWSC 336 In the matter of Litigation Insurance Pty Ltd [2017] NSWSC 334 In the matter of Mega Engineering Australia Pty Ltd (1997) 24 ACSR 683 In the matter of Morris Catering (Australia) Pty Ltd (1993) 11 ACSR 601 In the matter of Universal Property Group Pty Ltd [2019] NSWSC 796 In the matter of Zarzar Pty Ltd [2017] NSWSC 93 Intergraph Public Safety Pty Ltd v Tess Lawrence Media Services Pty Ltd (1996) 19 ACSR 523; 14 ACLC 1234 Lee v Deputy Commissioner of Taxation (2020) 102 NSWLR 825; [2020] NSWCA 95 Liverpool Cement Renderers (Aust) Pty Ltd v Landmarks Constructions (NSW) Pty Ltd (1996) 19 ACSR 411 Meehan v Glazier Holdings Pty Ltd [2005] NSWCA 24; (2005) 53 ACSR 229 Repforce International Pty Ltd v Master Lease Properties Pty Ltd [2003] NSWSC 970 Saferack Pty Ltd v Marketing Heads Australia Pty Ltd [2007] NSWSC 1143; (2007) 214 FLR 393 TR Administration Pty Ltd v Frank Marchetti & Sons Pty Ltd [2008] VSCA 70; (2008) 66 ACSR 67 Transtar Linehaul Pty Ltd v Deputy Commissioner of Taxation (2011) 196 FCR 271; [2011] FCA 856 Vickery v The Owners - Strata Plan No 80412 (2020) 103 NSWLR 352; [2020] NSWCA 284 Texts Cited: Explanatory Memorandum to the Insolvency (Tax Priorities) Legislation Amendment Bill 1993 Explanatory Memorandum to the Tax Laws Amendment (Transfer of Provisions) Bill 2010 R P Austin and A J Black, Annotations to the Corporations Act (2010, LexisNexis) Category: Principal judgment Parties: Priority Matters Pty Ltd (Plaintiff) Deputy Commissioner of Taxation (Defendant) Representation: Counsel: T Cleary (Plaintiff) K Josifoski (Defendant)