Tamone v How Fast Pty Limited [1999] NSWSC 570

New South Wales Supreme Court CITATION : Tamone v How Fast Pty Limited [1999] NSWSC 570 CURRENT JURISDICTION : Equity FILE NUMBER(S) : 1826/99 HEARING DATE(S) : 31/05/99, 07/06/99, 08/06/99 JUDGMENT DATE : 8 June 1999

PARTIES : Mary Tamone and Frank Tamone (Ps) How Fast Pty Limited (in liquidation) (ACN 056 912 237) (D) JUDGMENT OF : Santow J

COUNSEL : J K Chippindall (P) ex party SOLICITORS : Astridge & Murray (P) CATCHWORDS : CORPORATIONS — Extension of time to register a charge under s262 of the Corporations Law — Relevant considerations where corporation goes into administration and then liquidation — No invariable rule that dispensation should be precluded. ACTS CITED : Corporations Law s262(1)(a); s262(1)(b)(i); s266(4) J J Leonard Properties v Leonard (WA) Pty Ltd (in liq) No. 2 (1988) 13 ACLR 77 CASES CITED : Morris v Woodings & Anor (1997) 25 ACSR 636 Sanwa Australia Finance Limited v Ground-Breakers Pty Limited (in liquidation) (1989-90) 2 ACSR 692 Vector Capital Limited v SNS Software Network Systems Pty Limited (1988) 12 NSWLR 1 DECISION : Application to extend time for registration of charge granted.

Tamone.8June99 — 9 June, 1999: Tamone v How Fast Pty Limited (in liquidation) 7 IN THE SUPREME COURT OF NEW SOUTH WALES IN EQUITY

SANTOW J

No. 1826/99 In the matter of HOW FAST PTY LIMITED (in liquidation) (ACN 056 912 237) and the Corporations Law MARY TAMONE & FRANK TAMONE Plaintiffs HOW FAST PTY LIMITED (in liquidation) (ACN 056 912 237) Defendant