Lord & Anor v Commissioner of Taxation [2001] NSWSC 759

New South Wales Supreme Court

CITATION : Lord & Anor v Commissioner of Taxation [2001] NSWSC 759 CURRENT JURISDICTION: Equity Division FILE NUMBER(S) : SC 3518/01 HEARING DATE(S) : 21 August 2001 JUDGMENT DATE : 21 August 2001

John F Lord (First Plaintiff)

Lion Graphics Pty Limited (In Liquidation) (Second Plaintiff)

v PARTIES : Commissioner of Taxation (Defendant)

Carlo Cattaruzzi (First Respondent)

Marissa Crepaldi (Second Respondent) JUDGMENT OF : Acting Master Berecry

Ps: N/A COUNSEL : D: Mr M R Aldridge SC 1R: Mr Smith 2R: Mr D B McGovern Ps: Hardings, Lawyers SOLICITORS : D: Australian Government Solicitor 1R: Cordato Partners 2R: PricewaterhouseCoopers Legal, Lawyers CATCHWORDS : Insolvent & voidable transactions - indemnity from directors - when does the cause of action arise - when can the Commissioner of Taxation commence proceedings - whether proceedings should be commenced by originating or interlocutory process Corporations Law, ss588FC, 588FE, 588FF, 588FGA Corporations Law Rules, r2.2 LEGISLATION CITED : Supreme Court Act 1970 Supreme Court Rules 1970 Supreme Court Rules 1985 (VIC) Civil Procedure - Victoria, N J Williams Browne v Deputy Commissioner of Taxation (1998) 153 ALR 10 CASES CITED : Silvia v Commissioner of Taxation [2001] NSWSC 562 Port of Melbourne Authority v Anshun Pty Ltd (1981) 147 CLR 589 ANZ Banking Group Ltd v Turnbull & Partners Ltd (1991) 33 FCR 265 DECISION : See paragraph 41 for orders.