Sutherland v Dexion Pty Limited [2003] NSWSC 24

Reported Decision : (2003) 21 ACLC 341

New South Wales Supreme Court

CITATION : Sutherland v Dexion Pty Limited [2003] NSWSC 24 HEARING DATE(S) : 16/12/02 JUDGMENT DATE : 10 February 2003 JURISDICTION: Equity Division JUDGMENT OF : Barrett J DECISION : Order extending time to seek order extending time for liquidator to make applications challenging alleged voidable transactions. Order extending time for liquidator to make such applications.

CATCHWORDS : CORPORATIONS - winding up - voidable transactions - extension of period in which liquidator may seek extended period to challenge such transactions - whether such extension may be made after 3 years from relation-back day - extension of period to challenge voidable transactions - relevant considerations examined - whether money paid under "voidable" transaction recoverable as money had and received LEGISLATION CITED : Corporations Act 2001 (Cth) Re Aura Commercial Interiors Pty Ltd (2002) 20 ACSR 904 Brisbane South Regional Health Authority v Taylor (1996) 186 CLR 541 Brown v DML Resources Pty Ltd (No 2) (2001) 39 ACSR 219 Brown v DML Resources Pty Ltd (No 6) (2002) 40 ACSR 669 Brown v DML Resources Pty Ltd (No 7) (2002) 41 ACSR 299 Cowie v State Electricity Commission (Victoria) [1964] VR 788 David Grant & Co Pty Ltd v Westpac Banking Corporation (1995) 184 CLR 265 Elderslie Finance Corporation Ltd v Australian Securities Commission (1993) 11 ACSR 157 Gibbons v LibertyOne Ltd (2002) 41 ACSR 442 Green v Chiswell Furniture Pty Ltd [1999] NSWSC 608 CASES CITED : Re Green (as liquidator of Australian Resources Ltd) (2002) 41 ACSR 69 Greig v Australian Building Industries Pty Ltd [2002] QSC 298 Re Hall [1999] NSWSC 984 Holt v Wynter (2000) 49 NSWLR 129 NSW Sugar Milling Co-operative Ltd v Fowke [2002] NSWCA 229 Re One.Tel Pty Ltd (2002) 43 ACSR 305 Pomeroy v Thwaites Witham Pty Ltd (2001) 79 SASR 498 Re Richard Walter Pty Ltd [1999] NSWSC 1179 Star v National Australia Bank Ltd (1999) 30 ACSR 583 Taylor v Woden Constructions Pty Ltd [1998] FCA 1228 Village Roadshow Broadcasting Pty Ltd v Austereo Ltd (1997) 24 ACSR 185 Re Walker (as liquidator of One.Tel Ltd) [2002] NSWSC 705 Roderick Mackay Sutherland - Plaintiff Dexion (Australia) Pty Limited - First Defendant PARTIES : John Fairfax Publishing Pty Limited - Second Defendant Francis Daniel Spencer trading as Spencer & Co - Third Defendant Radio 2UE Sydney Pty Limited - Fourth Defendant Deputy Commissioner of Taxation - Fifth Defendant FILE NUMBER(S) : SC 5448/02 Mr F. Gleeson - Plaintiff COUNSEL : Mr C.R.C. Newlinds - First to Fourth Defendants Mr M.R. Aldridge SC - Fifth Defendant Piper Alderman - Plaintiff SOLICITORS : Henry Davis York - First to Fourth Defendants ATO Legal Practice - Fifth Defendant