Leonard Thomas Hinde [2007] NSWSC 640

New South Wales Supreme Court

CITATION : Leonard Thomas Hinde [2007] NSWSC 640 This decision has been amended. Please see the end of the judgment for a list of the amendments.

HEARING DATE(S) : 13 & 19 June 2007

JUDGMENT DATE : 22 June 2007

JURISDICTION : Equity Division

JUDGMENT OF : Rein AJ

DECISION : See [72].

CATCHWORDS : Judicial advice sought by trustee of trust to pay wages and other entitlements to class of employees of company in voluntary administration - whether advice should be given - advice re amounts proposed to be paid to employees - treatment of GEERS payments - increased remuneration - costs

Corporations Act 2001 (Cth), s 444B LEGISLATION CITED : Evidence Act 1995 Trustee Act 1925, ss 63, 81

Ansett Australia Ground Staff Superannuation Plan Pty Ltd v Ansett Australia Ltd (2002) 174 FLR 1; [2002] VSC 576 Application of Trust Company of Australia re Barclays Commercial Property Trust (unreported, 19 March 1993, SC(NSW), BC9301985) Re Australian Pipeline Ltd (2006) 60 ACSR 625; [2006] NSWSC 1316 Re Duke of Norfolk's Settlement Trusts [1982] Ch 61 Re Gulbenkian's Settlement Trusts [1970] AC 508 Macedonian Orthodox Community Church St Petka Inc v Petar (2006) 66 NSWLR 112; [2006] NSWCA 160 Re Application of Macedonian Orthodox Community Church St Petka Inc (No 2) (2005) 63 NSWLR 441; [2005] NSWSC 558 CASES CITED : Re Permanent Trustee Australia Ltd (1994) 33 NSWLR 547 Re Application of Perpetual Trustee Co Ltd [2003] NSWSC 1185 St Edmundsbury & Ipswich Diocesan Board of Finance v Clark (No 2) [1973] 3 All ER 902 Re Application of Sutherland (2004) 50 ACSR 297; [2004] NSWSC 798 Toll (FGCT) Pty Ltd v Alphapharm Pty Ltd (2004) 219 CLR 165; [2004] HCA 52 University of Sydney v Australian Photonics Pty Ltd (2005) 53 ACSR 579; [2005] NSWSC 412 Westpac Banking Corporation v Tanzone Pty Ltd (2000) 9 BPR 17,521; [2000] NSWCA 25 Wilson v Wilson (1854) 5 HL Cas 40