Austin Australia Pty Ltd v De Martin & Gasparini Pty Ltd; Austin Australia Pty Ltd v A & G Scaffolding & Rigging Service Pty Ltd [2007] NSWSC 1238

New South Wales Supreme Court

CITATION : Austin Australia Pty Ltd v De Martin & Gasparini Pty Ltd; Austin Australia Pty Ltd v A & G Scaffolding & Rigging Service Pty Ltd [2007] NSWSC 1238

HEARING DATE(S) : 17/10/07

JUDGMENT DATE : 2 November 2007

JURISDICTION : Equity Division Corporations List

JUDGMENT OF : Barrett J

DECISION : Separate question answered

CATCHWORDS : CORPORATIONS - winding up - preference recovery proceedings - separate question as to solvency during relevant period - definition of solvency considered - matters pertaining to solvency examined

LEGISLATION CITED : Corporations Act 2001 (Cth), Part 5.3A, ss.95A, 588FA, 588FC, 588FF Evidence Act 1995, s.79

Box Valley Pty Ltd v Kidd (2006) 24 ACLC 471 Crema Pty Ltd v Land Mark Property Developments Pty Ltd (2006) 58 ACSR 631 Expile Pty Ltd v Jabb's Excavations Pty Ltd (2003) 45 ACSR 711 Hymix Concrete Pty Ltd v Garritty (1977) 2 ACLR 559 CASES CITED : Keith Smith East West Transport Pty Ltd v Australian Taxation Office (2002) 42 ACSR 501 Lewis v Doran (2004) 50 ACSR 175 Lewis (as liquidator of Doran Constructions Pty Ltd) v Doran (2005) 54 ACSR 410 Noxequin Pty Ltd v Commissioner of Taxation [2007] NSWSC 87 Project Construction & Development Pty Ltd v Ellison [2002] NSWSC 366

(1) Austin Australia Pty Limited - First Plaintiff Keiran William Hutchison and John Raymond Gibbons - Second Plaintiffs De Martin & Gasparini Pty Limited - First Defendant Chadwick Building Systems Pty Limited - Second Defendant Stegbar Pty Limited - Third Defendant Steelscope Pty Limited - Fourth Defendant Corkjoint (Aust) Pty Limited - Fifth Defendant Edwin S. Scott t/as Dalton Plumbing & Roofing Services Pty Limited - Sixth Defendant Mastercut Concrete - Seventh Defendant Piling Contractors (Qld) Pty Limited - Eighth Defendant Steel Foundations Contracting Pty Limited - Ninth Defendant Sydney Re-Roofing Pty Limited - Tenth Defendant Timberite Building Supplies Pty Limited - Eleventh Defendant Transylvanian Timbers Pty Limited - Twelfth Defendant Buildup Interior Pty Limited - Thirteenth Defendant Conceal Concrete Waterproofing Pty Limited - Fourteenth Defendant Budget Stairs Pty Limited - Fifteenth Defendant (2) Austin Australia Pty Limited - First Plaintiff Keiran William Hutchison and John Raymond Gibbons - Second Plaintiffs A & G Scaffolding and Rigging Pty Limited - First Defendant Delta Pty Limited - Second Defendant Fanelec Pty Limited - Third Defendant Going Up Lifts Pty Limited - Fourth Defendant PARTIES : IP Corporation Pty Limited - Fifth Defendant Jones & Jones Master Plumbers Pty Limited - Sixth Defendant Epic Construction Pty Limited - Seventh Defendant Murphy, McCarthy & Associates Pty Limited - Eighth Defendant Northern Structures NSW Pty Limited - Ninth Defendant San Marcos Formwork Pty Limited - Tenth Defendant Specpipe Technology Pty Limited - Eleventh Defendant Absolute Contracting (NSW) Pty Limited - Twelfth Defendant Carron Concrete Services Pty Limited - Thirteenth Defendant FIFA Group Tiles Pty Limited - Fourteenth Defendant NDA Engineering Limited - Fifteenth Defendant Osbuild (Aust) Pty Limited - Sixteenth Defendant Robinson's Reliable Plumbing Pty Limited - Seventeenth Defendant F & B Skrobar Engineering Pty Limited - Eighteenth Defendant The Austral Brick Co Pty Ltd - Nineteenth Defendant Boral Bricks Pty Limited - Twentieth Defendant Boral Constructions Materials Group Pty Limited - Twenty first Defendant Boral Windows Systems Limited - Twenty second Defendant Crane Australia Pty Limited - Twenty third Defendant Higgins Coatings Pty Limited - Twenty fourth Defendant Neumann Steel Pty Limited - Twenty fifth Defendant Onesteel Trading Pty Limited - Twenty sixth Defendant Dean Mann t/as PK Ceilings - Twenty seventh Defendant Delta Pty