NSW Caselaw
27 ACLC 960 Reported Decision : 232 FLR 239 [2010] ALMD 4157 [2010] ALMD 4155
New South Wales Supreme Court
CITATION : In the matter of Klaus Maertin Pty Ltd (in liq); Maertin v Klaus Maertin Pty Ltd [2009] NSWSC 618
HEARING DATE(S) : 22, 29, 30 June 2009
JUDGMENT DATE : 2 July 2009
JURISDICTION : Equity
JUDGMENT OF : Austin J
DECISION : Orders made, nunc pro tunc, approving transfer of shares and granting special leave for interim distribution; order made granting special leave to make further interim distribution; order permitting final distribution declined, in circumstances where further steps were needed before final figures could be calculated
CATCHWORDS : CORPORATIONS - court-ordered winding up - liquidator's power to register transfer of shares - requirement for court's approval for transfer of shares under s 468(1) - whether approval may be granted nunc pro tunc - relevant considerations - liquidator's delegated power to distribute surplus to persons entitled to it - requirement of special leave - whether the court may grant special leave nunc pro tunc - relevant considerations
Corporations Act 2001 (Cth), ss 135, 468, 468A, 471A, 477, 480, 485, 488, 501, 1072F Corporations Regulations, reg 5.6.71 and Form 551 LEGISLATION CITED : Income Tax Assessment Act 1936 (Cth), s 109NA Supreme Court (Corporations) Rules 1999, rules 7.9, 7.10 Taxation Administration Act 1953 (Cth), Schedule 1, s 45-260 Uniform Civil Procedure Rules, rule 36.4
CATEGORY : Principal judgment
Birch v Cropper (1889) 14 App Cas 525 Carringbush Corporation Pty Ltd v ASIC [2008] FCA 474 Castle Constructions Pty Ltd v North Sydney Council [2007] NSWCA 164 CGU Workers Compensation (NSW) Ltd v Ascom Service Automation (Aust) Pty Ltd [2005] NSWSC 747 Emanuele v Australian Securities Commission [1997] HCA 20 CASES CITED : Hartley Poynton Ltd v Ali [2005] VSCA 53 Re DS Millard & Son Pty Ltd (1997) 24 ACSR 71 Re Paragon Holdings Ltd [1961] Ch 346 Re Testro Bros Consolidated Ltd [1965] VR 18 Rudge v Bowman (1865) LR 3 QB 689 Tellsa Furniture Pty Ltd (in liq) v Glendave Nominees Pty Ltd (1987) 9 NSWLR 254 Turagadamudamu v PMP Ltd [2009] NSWCA 120
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