Driver v Commissioner of Taxation [1999] NSWSC 816

New South Wales Supreme Court CITATION : Driver v Commissioner of Taxation [1999] NSWSC 816 revised - 13/08/99 CURRENT JURISDICTION : Equity FILE NUMBER(S) : 4789 of 1997 HEARING DATE(S) : 29 June 1999 JUDGMENT DATE : 11 August 1999

Nicholas Paul Driver Liquidator of Tilse Building Pty. Limited (In Liquidation) ACN 004 014 993 (Plaintiff) PARTIES : Commissioner of Taxation (Defendant/Cross Claimant) Brent Anthony Tilse (First Cross Defendant) Julie Anne Tilse (Second Cross Defendant) JUDGMENT OF : Windeyer J at 1

COUNSEL : Mr. Michael Meek (Plaintiff) Mr. Selwyn Gibb (Defendant/Cross-Claimant) Sparke Helmore (Plaintiff) SOLICITORS : Australian Government Solicitors (Defendant/Cross-Claimant) Brent Anthony Tilse (in person) (First Cross-Defendant) Julie Anne Tilse (no appearance) (Second Cross-Defendant) CATCHWORDS : CORPORATIONS - insolvent transactions - unfair preferences - meaning of 'transaction' - whether company is a party to a transaction Corporations Law ACTS CITED : Income Tax Assessment Act 1936 (Cth) Companies (New South Wales) Code New Zealand Companies Act 1955 Re Hardman (1932) 4 ABC 207 Re Peter Austin Ltd [1990] 2 NZLR 245 CASES CITED : Commissioner of Taxation v Macquarie Health Corporation (1999) 17 ACLC 171 Commissioner of Taxation v Comber (1986) 10 FCR 88 East Finchley Pty. Ltd. (1989) 90 ALR 457 DECISION : See paragraphs 16-19

IN THE SUPREME COURT OF NEW SOUTH WALES EQUITY DIVISION