NSW Caselaw
Reported Decision : 55 ACSR 237
New South Wales Supreme Court
CITATION : NAB re Trim Perfect Australia Pty Ltd [2005] NSWSC 972
HEARING DATE(S) : 23 September 2005
JUDGMENT DATE : 28 September 2005
JURISDICTION : Equity Division
JUDGMENT OF : Palmer J
DECISION : Orders made for reinstatement and winding up of company.
CATCHWORDS : CORPORATIONS - REGISTRATION - REINSTATEMENT - FARM DEBT - Company deregistered for failing to file annual returns - Company a "farmer" under the Farm Debt Mediation Act - mortgagee seeks to reinstate registration of company - whether application to reinstate is "enforcement action" under Act - whether notice of "enforcement action" required - PREJUDICE - INJUSTICE - If company reinstated, would be wound up as insolvent forthwith - insolvent company does not have benefit of Farm Debt Mediation Act - whether reinstatement would cause relevant injustice or prejudice.
- Corporations Act 2001 (Cth) - s.601AB, s.601AD(1), s.601AD(2), s.601AE(3), s.601AH(2) LEGISLATION CITED : - Farm Debt Mediation Act 1994 (NSW) - s.5(2), s.8, s.9(1A), s.10
- Australian Cherry Exports Ltd v Commonwealth Bank of Australia (1996) 39 NSWLR 337 - Australia & New Zealand Banking Group Ltd v Barns (1994) 13 ACSR 592 - Boxco Ltd, Re [1970] 1 Ch 442 CASES CITED : - Commonwealth Bank of Australia v Trellis Holdings (1996) 19 ACSR 319 - Scott v Janniki Pty Ltd (1994) 14 ACSR 334 - Shaw v Goodsmith Industries Pty Ltd (2002) 41 ACSR 556 - Waldcourt Investment Co Pty Ltd, Re (1986) 11 ACLR 7
National Australia Bank Ltd - Plaintiff PARTIES : Philip Martin - Intervener
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