Herbert v Herbert [2005] NSWSC 1034

New South Wales Supreme Court

CITATION : Herbert v Herbert [2005] NSWSC 1034

HEARING DATE(S) : 10/10/05

JUDGMENT DATE : 10 October 2005

Equity Division JURISDICTION : Corporations List

JUDGMENT OF : Young CJ in Eq

DECISION : Appointment of auditor for years ending June 2004 and June 2005.

CATCHWORDS : CORPORATIONS [96]- Director's remuneration- Director did substantial work as employee- Whether director entitled to remuneration for work done as employee. CORPORATIONS [144]- Interlocutory application for preservation of company's assets prior to oppression suit- Articles incorporated Table A of Companies Act 1961- Articles required provision of audited balance sheets to members- Whether Articles construed at date they are entered or by statutory requirements from time to time. CORPORATIONS [288]- Company trading profitably- Whether provisional liquidator should be appointed.

Civil Procedure Act 2005, ss 56, 58 LEGISLATION CITED : Companies Act 1961, Table A of Sch 4 Corporations Act 2001 (Cth), ss 293, 344, 1322, 1324

Cumberland Holdings Ltd v Washington H Soul Pattinson & Company Ltd (1977) 2 ACLR 307 (PC) Hutton v West Cork Railway Co (1883) 23 Ch D 654 CASES CITED : Lee v Lee's Air Farming Ltd [1961] AC 12 Shindler v Northern Raincoat Co Ltd [1960] 1 WLR 1038

Sonia Ann Herbert (P) Gail Lee Herbert (D1) PARTIES : South Coast Truck Sales & Spares Pty Limited (D2) Paul Leonard Wright (D3) Robyn Sandra Herbert (D4)

FILE NUMBER(S) : SC 4809/05

D A Smallbone and D W Rayment (P) COUNSEL : R Glasson (D1 & D3)