The Official Trustee in Bankruptcy v Buffier [2005] NSWSC 839

Reported Decision : 54 ACSR 767

New South Wales Supreme Court

CITATION : The Official Trustee in Bankruptcy v Buffier [2005] NSWSC 839

HEARING DATE(S) : 18 & 22 July 2005, 5 August 2005

JUDGMENT DATE : 25 August 2005

JURISDICTION : Equity

JUDGMENT OF : Campbell J

DECISION : Corporation to be wound up

CATCHWORDS : CORPORATIONS - winding up - just and equitable ground - corporation not under valid and effective management - CORPORATIONS - directors - purported appointment of a bankrupt who is also subject to an ASIC banning order as a director - validity - CORPORATIONS - share held by bankrupt - powers of Official Trustee in relation to that share - BANKRUPTCY - trustees - powers in relation to a share held by the bankrupt - BANKRUPTCY - control over person and property of debtors and bankrupts - capacity for bankrupt to be appointed a company director

Bankruptcy Act 1966 (Cth) Corporations Act 2001 (Cth) LEGISLATION CITED : Corporations Law Real Property Act 1900

Australian Securities Commission v AS Nominees Ltd (1995) 18 ACSR 459 Betella v O'Leary [2001] WASCA 266 CIC Insurance Ltd (prov liq apptd) v Hannan & Co Pty Ltd (2001) 38 ACSR 245; [2001] NSWSC 437 Re Colorbus Pty ltd (in liq); Mentha v Colorbus Pty Ltd (in liq) (2004) 213 ALR 789; (2004) 187 FLR 234; (2004) 51 ACSR 677; (2005) 23 ACLC 183 [2004] VSC 486 Ebrahami v Wetbourne Galleries Ltd [1973] AC 360 Grant and Others v John Grant and Sons Proprietary Limited (1950) 82 CLR 1 CASES CITED : Macquarie Bank Ltd v TM Investments Pty Ltd [2005] NSWSC 608 Morris v Kanssen [1946] AC 459 National Roads & Motorists' Association v Parker (1986) 6 NSWLR 517 Papapavlou v Karageorge (1987) 6 ACLC 75 Re Producers Real Estate and Finance Company Ltd [1936] VLR 235 Statutory Interpretation in Australia, 5th edition (Butterworths 2001)