NSW Caselaw
Reported Decision : (2001) 38 ACSR 355
New South Wales Supreme Court
CITATION : ASIC v Parkes [2001] NSWSC 377 CURRENT JURISDICTION: Equity FILE NUMBER(S) : SC 1464/99 HEARING DATE(S) : 4, 5, 6, 7, 11, 12, 13, 14, 17, 19, 20 & 31 July 2000 JUDGMENT DATE : 10 May 2001
PARTIES : Australian Securities & Investments Commission (P) Damien Parkes (D) JUDGMENT OF : Austin J
COUNSEL : D R Stack (P) J Darvall (D) SOLICITORS : Jan Redfern, Solicitor for Australian Securities & Investments Commission (P) Defendant in person CATCHWORDS : COMPANY LAW - insolvent under administration not to manage a corporation without leave of Court - distinction between managing a corporation and providing consultancy services to it - meaning of 'officer' - officer's duties to act honestly and not to make improper use of position - officer must not make a gift or transfer property with intent to defraud corporation - ingredients of contraventions where officer causes corporation to make payments LEGISLATION CITED : Corporations Law (prior to amendments effective 13 March 2000) ss 229, 230(1)(c), 232(2), 232(6), 596(b) Australian Growth Resources Corp Pty Ltd v Van Reesema (1988) 13 ACLR 261 Australian Securities & Investments Commission v Sweeney [2001] NSWSC 114 CASES CITED : Marchesi v Barnes [1970] VR 434 Poyser v CCA (Vic) [1985] VR 533 R v Byrnes (1995) 183 CLR 501 Re Altim Pty Ltd [1968] 2 NSWR 762 DECISION : See under heading 'Conclusions'
THE SUPREME COURT OF NEW SOUTH WALES EQUITY DIVISION
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