In the matter of Futurepower Developments Pty Ltd (in liq) [2024] NSWSC 1021

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Futurepower Developments Pty Ltd (in liq) [2024] NSWSC 1021 Hearing dates: 9 August 2024 Date of orders: 15 August 2024 Decision date: 15 August 2024 Jurisdiction: Equity - Corporations List Before: Nixon J Decision: Order made extending time for bringing any application under s 588FF of the Corporations Act 2001 (Cth) Catchwords: CORPORATIONS – Winding up – Voidable transactions – Application for order under s 588FF(3)(b) of Corporations Act 2001 (Cth) for an extension of the period within which an application may be brought in respect of voidable transactions Legislation Cited: Corporations Act 2001 (Cth), s 588FF Cases Cited: Arnautovic & Anor as joint liquidators of Australian Coal Technology Pty ltd v Nichola & Ors trading as Middletons Lawyers [2009] NSWSC 233 BP Australia Ltd v Brown (2003) 58 NSWLR 322; [2003] NSWCA 216 Brisbane South Regional Health Authority v Taylor (1996) 186 CLR 541; [1996] HCA 25 Fortress Credit Corporation (Australia) II Pty Ltd v Fletcher (2015) 254 CLR 489; [2015] HCA 10 Gordon v Tolcher in his capacity as liquidator of Senafield Pty Ltd (in liq) (2006) 231 CLR 334; [2006] HCA 62 New Cap Reinsurance Corp Ltd (in liq) v Reaseguros Alianza SA [2004] NSWSC 787 Re Clarecastle Pty Ltd (in liq) (2011) 85 ACSR 260; [2011] NSWSC 857 Re Octaviar Ltd Pty Limited (recs and mgrs apptd) (in liq) (2012) 271 FLR 413; [2012] NSWSC 1460 Tolcher v Gordon (2005) 53 ACSR 442; [2005] NSWCA 135 Category: Principal judgment Parties: Stewart Free as liquidator of Futurepower Developments Pty Ltd (in liquidation) (Plaintiff) Angela Carbone and Domenic Carbone (Interested Parties) Representation: Counsel: J Pokoney (Plaintiff) TE O'Brien (Interested Parties)