St Leonards Property Pty Ltd v Ambridge Investments Pty Ltd [2004] NSWSC 851

Reported Decision : 50 ACSR 443

New South Wales Supreme Court

CITATION : St Leonards Property Pty Ltd v Ambridge Investments Pty Ltd [2004] NSWSC 851 HEARING DATE(S) : 16/08/04 JUDGMENT DATE : 16 August 2004

JURISDICTION: Equity Division Corporations List JUDGMENT OF : Barrett J DECISION : Order terminating Part 5.3A administration

CATCHWORDS : CORPORATIONS - voluntary administration - applicant for winding up in insolvency seeks termination of Part 5.3A administration effected 45 minutes before hearing of winding up application - significantly different "relation back days" according to whether or not administration in place immediately before winding up order made - administration initiated by sole director as self-protective measure - abuse of process LEGISLATION CITED : Corporations Act 2001 (Cth) - Part 5.3A, s.447A Blacktown City Council v Macarthur Telecommunications Pty Ltd (2003) 47 ACSR 391 Commissioner of Taxation v Macquarie Health Corporation (1988) 88 FCR 451 CASES CITED : Macquarie Health Corporation Ltd v Commissioner of Taxation (1999) 96 FCR 238 Olsen v Nodcad Pty Ltd (1999) 32 ACSR 118 Waste Recycling and Processing Services of NSW v Local Government Recycling Co-operative Ltd (1999) 32 ACSR 194 PARTIES : St Leonards Property Pty Limited - Plaintiff Ambridge Investments Pty Limited (Administrators Appointed) - Defendant FILE NUMBER(S) : SC 4539/03 COUNSEL : Mr J A Rose, Solicitor - Plaintiff Mr J G Bates, Solicitor - Defendant SOLICITORS : Watson Mangioni - Plaintiff Gadens Lawyers - Defendant